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$78,407$78,407$283,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$205,093$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.851%7.640%
1st payment$525.79$525.79$1,962.90
2nd payment$0.00$1,324.56$0.00
Taxes / mo$170.00$170.00$170.00
Insurance / mo$150.00$150.00$150.00
MI / mo$81.41$81.41$56.70
HOA / mo$515.00$515.00$515.00
Total monthly$1,442.20$2,766.76$2,854.60
Cash to close$236,593$31,500$31,500