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$117,161$117,161$405,000
Remaining term (yrs)15.615.630.0
Secondary amount$0$287,839$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.865%7.640%
1st payment$827.10$827.10$2,804.14
2nd payment$0.00$1,858.96$0.00
Taxes / mo$254.58$254.58$254.58
Insurance / mo$150.00$150.00$150.00
MI / mo$125.12$125.12$81.00
HOA / mo$19.00$19.00$19.00
Total monthly$1,375.80$3,234.76$3,308.72
Cash to close$332,839$45,000$45,000