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$154,256$154,256$436,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$282,244$0
Funding fee$0$0$0
Note rate3.820%3.820%7.320%
Blended rate4.670%6.662%7.560%
1st payment$888.75$888.75$2,998.45
2nd payment$0.00$1,822.83$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$166.67$166.67$166.67
MI / mo$134.78$134.78$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,452.70$3,275.53$3,514.92
Cash to close$330,744$48,500$48,500