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$148,316$148,316$427,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$279,184$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.702%7.640%
1st payment$1,140.50$1,140.50$2,959.92
2nd payment$0.00$1,803.07$0.00
Taxes / mo$492.58$492.58$492.58
Insurance / mo$166.67$166.67$166.67
MI / mo$171.69$171.69$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,971.44$3,774.50$3,704.67
Cash to close$326,684$47,500$47,500