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$147,095$147,095$426,600
Remaining term (yrs)21.321.330.0
Secondary amount$0$279,505$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.722%7.640%
1st payment$846.72$846.72$2,953.69
2nd payment$0.00$1,805.14$0.00
Taxes / mo$121.75$121.75$121.75
Insurance / mo$166.67$166.67$166.67
MI / mo$126.85$126.85$85.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,261.98$3,067.12$3,327.43
Cash to close$326,905$47,400$47,400