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$149,948$149,948$382,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$232,552$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.503%7.640%
1st payment$899.41$899.41$2,648.35
2nd payment$0.00$1,501.90$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$138.07$138.07$76.50
HOA / mo$484.00$484.00$484.00
Total monthly$2,025.65$3,527.55$3,713.02
Cash to close$275,052$42,500$42,500