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$141,804$141,804$393,210
Remaining term (yrs)19.719.730.0
Secondary amount$0$251,406$0
Funding fee$0$0$0
Note rate3.660%3.660%7.320%
Blended rate4.510%6.582%7.560%
1st payment$838.87$838.87$2,701.08
2nd payment$0.00$1,623.67$0.00
Taxes / mo$241.17$241.17$241.17
Insurance / mo$150.00$150.00$150.00
MI / mo$129.73$129.73$78.64
HOA / mo$20.00$20.00$20.00
Total monthly$1,379.77$3,003.43$3,190.89
Cash to close$295,096$43,690$43,690