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$147,208$147,208$440,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$293,702$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.645%7.640%
1st payment$905.58$905.58$3,052.77
2nd payment$0.00$1,896.83$0.00
Taxes / mo$218.08$218.08$218.08
Insurance / mo$166.67$166.67$166.67
MI / mo$141.26$141.26$88.18
HOA / mo$35.42$35.42$35.42
Total monthly$1,467.01$3,363.84$3,561.12
Cash to close$342,692$48,990$48,990