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$159,841$159,841$413,910
Remaining term (yrs)19.819.830.0
Secondary amount$0$254,069$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.476%7.560%
1st payment$937.92$937.92$2,843.27
2nd payment$0.00$1,640.86$0.00
Taxes / mo$196.83$196.83$196.83
Insurance / mo$166.67$166.67$166.67
MI / mo$146.13$146.13$82.78
HOA / mo$19.00$19.00$19.00
Total monthly$1,466.55$3,107.41$3,308.56
Cash to close$300,059$45,990$45,990