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$143,500$143,500$359,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$216,410$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.442%7.640%
1st payment$813.87$813.87$2,491.94
2nd payment$0.00$1,397.65$0.00
Taxes / mo$188.75$188.75$188.75
Insurance / mo$150.00$150.00$150.00
MI / mo$126.49$126.49$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,279.11$2,676.76$2,902.68
Cash to close$256,400$39,990$39,990