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$78,753$78,753$323,910
Remaining term (yrs)15.415.430.0
Secondary amount$0$245,157$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%7.016%7.640%
1st payment$564.07$564.07$2,242.69
2nd payment$0.00$1,583.31$0.00
Taxes / mo$139.75$139.75$139.75
Insurance / mo$150.00$150.00$150.00
MI / mo$84.92$84.92$64.78
HOA / mo$14.58$14.58$14.58
Total monthly$953.31$2,536.62$2,611.80
Cash to close$281,147$35,990$35,990