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$141,674$141,674$351,000
Remaining term (yrs)16.616.630.0
Secondary amount$0$209,326$0
Funding fee$0$0$0
Note rate3.520%3.520%7.400%
Blended rate4.370%6.386%7.640%
1st payment$933.94$933.94$2,430.25
2nd payment$0.00$1,351.89$0.00
Taxes / mo$412.92$412.92$412.92
Insurance / mo$150.00$150.00$150.00
MI / mo$146.96$146.96$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,643.81$2,995.71$3,063.37
Cash to close$248,326$39,000$39,000