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$142,916$142,916$346,500
Remaining term (yrs)16.716.730.0
Secondary amount$0$203,584$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.327%7.640%
1st payment$933.71$933.71$2,399.10
2nd payment$0.00$1,314.82$0.00
Taxes / mo$351.42$351.42$351.42
Insurance / mo$150.00$150.00$150.00
MI / mo$148.20$148.20$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,583.33$2,898.14$2,969.81
Cash to close$242,084$38,500$38,500