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$146,477$146,477$378,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$231,523$0
Funding fee$0$0$0
Note rate3.250%3.250%7.320%
Blended rate4.100%6.336%7.560%
1st payment$833.28$833.28$2,596.60
2nd payment$0.00$1,495.25$0.00
Taxes / mo$280.67$280.67$280.67
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$75.60
HOA / mo$21.17$21.17$21.17
Total monthly$1,420.74$2,915.99$3,124.03
Cash to close$273,523$42,000$42,000