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$157,271$157,271$563,400
Remaining term (yrs)15.615.630.0
Secondary amount$0$406,129$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.907%7.560%
1st payment$1,113.42$1,113.42$3,870.17
2nd payment$0.00$2,622.92$0.00
Taxes / mo$259.50$259.50$259.50
Insurance / mo$166.67$166.67$166.67
MI / mo$167.62$167.62$112.68
HOA / mo$29.17$29.17$29.17
Total monthly$1,736.37$4,359.29$4,438.18
Cash to close$468,729$62,600$62,600