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$127,933$127,933$485,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$357,977$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%6.813%7.640%
1st payment$841.31$841.31$3,364.34
2nd payment$0.00$2,311.94$0.00
Taxes / mo$646.00$646.00$646.00
Insurance / mo$166.67$166.67$166.67
MI / mo$135.39$135.39$97.18
HOA / mo$75.33$75.33$75.33
Total monthly$1,864.70$4,176.63$4,349.52
Cash to close$411,967$53,990$53,990