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$159,543$159,543$405,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$245,457$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.564%7.640%
1st payment$925.12$925.12$2,804.14
2nd payment$0.00$1,585.24$0.00
Taxes / mo$351.67$351.67$351.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,565.89$3,151.13$3,386.80
Cash to close$290,457$45,000$45,000