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$133,634$133,634$449,100
Remaining term (yrs)15.115.130.0
Secondary amount$0$315,466$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.884%7.640%
1st payment$975.97$975.97$3,109.48
2nd payment$0.00$2,037.39$0.00
Taxes / mo$285.00$285.00$285.00
Insurance / mo$166.67$166.67$166.67
MI / mo$144.98$144.98$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,572.62$3,610.01$3,650.96
Cash to close$365,366$49,900$49,900