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$143,365$143,365$427,500
Remaining term (yrs)21.121.130.0
Secondary amount$0$284,135$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.744%7.640%
1st payment$827.86$827.86$2,959.92
2nd payment$0.00$1,835.04$0.00
Taxes / mo$158.33$158.33$158.33
Insurance / mo$166.67$166.67$166.67
MI / mo$124.33$124.33$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,277.19$3,112.23$3,370.42
Cash to close$331,635$47,500$47,500