Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$184,245$184,245$405,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$220,755$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.267%7.640%
1st payment$970.90$970.90$2,804.14
2nd payment$0.00$1,425.71$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.52$150.52$81.00
HOA / mo$622.00$622.00$622.00
Total monthly$2,268.42$3,694.14$4,032.14
Cash to close$265,755$45,000$45,000