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$150,494$150,494$557,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$406,606$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%6.732%7.560%
1st payment$728.70$728.70$3,826.89
2nd payment$0.00$2,626.00$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$120.42$120.42$111.42
HOA / mo$505.00$505.00$505.00
Total monthly$2,036.62$4,662.62$5,125.81
Cash to close$468,506$61,900$61,900