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$152,580$152,580$445,500
Remaining term (yrs)19.319.330.0
Secondary amount$0$292,920$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%6.743%7.640%
1st payment$939.59$939.59$3,084.55
2nd payment$0.00$1,891.77$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$140.08$140.08$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,658.83$3,550.61$3,752.82
Cash to close$342,420$49,500$49,500