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$158,632$158,632$432,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$273,368$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%6.336%7.560%
1st payment$875.83$875.83$2,967.54
2nd payment$0.00$1,765.50$0.00
Taxes / mo$277.75$277.75$277.75
Insurance / mo$166.67$166.67$166.67
MI / mo$130.11$130.11$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,450.35$3,215.85$3,498.36
Cash to close$321,368$48,000$48,000