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$126,023$126,023$382,410
Remaining term (yrs)16.416.430.0
Secondary amount$0$256,387$0
Funding fee$0$0$0
Note rate3.530%3.530%7.320%
Blended rate4.380%6.639%7.560%
1st payment$837.53$837.53$2,626.89
2nd payment$0.00$1,655.83$0.00
Taxes / mo$281.33$281.33$281.33
Insurance / mo$150.00$150.00$150.00
MI / mo$131.62$131.62$76.48
HOA / mo$357.00$357.00$357.00
Total monthly$1,757.49$3,413.32$3,491.71
Cash to close$298,877$42,490$42,490