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$144,468$144,468$306,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$161,532$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.324%7.560%
1st payment$847.71$847.71$2,102.01
2nd payment$0.00$1,076.88$0.00
Taxes / mo$249.33$249.33$249.33
Insurance / mo$150.00$150.00$150.00
MI / mo$132.07$132.07$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,379.12$2,456.00$2,562.54
Cash to close$195,532$34,000$34,000