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$142,595$142,595$382,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$239,815$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.624%7.560%
1st payment$826.09$826.09$2,626.89
2nd payment$0.00$1,548.80$0.00
Taxes / mo$49.17$49.17$49.17
Insurance / mo$150.00$150.00$150.00
MI / mo$124.36$124.36$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,149.62$2,698.42$2,902.54
Cash to close$282,305$42,490$42,490