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$163,803$163,803$382,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$218,697$0
Funding fee$0$0$0
Note rate3.720%3.720%7.320%
Blended rate4.570%6.388%7.560%
1st payment$872.13$872.13$2,627.51
2nd payment$0.00$1,412.42$0.00
Taxes / mo$338.17$338.17$338.17
Insurance / mo$150.00$150.00$150.00
MI / mo$133.88$133.88$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,494.18$2,906.60$3,192.18
Cash to close$261,197$42,500$42,500