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$131,359$131,359$378,000
Remaining term (yrs)18.418.430.0
Secondary amount$0$246,641$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.659%7.640%
1st payment$819.51$819.51$2,617.20
2nd payment$0.00$1,592.89$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,444.70$3,037.59$3,192.80
Cash to close$288,641$42,000$42,000