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$132,420$132,420$367,191
Remaining term (yrs)19.519.530.0
Secondary amount$0$234,771$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%6.592%7.560%
1st payment$789.93$789.93$2,522.35
2nd payment$0.00$1,516.23$0.00
Taxes / mo$75.67$75.67$75.67
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$73.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,137.31$2,653.54$2,821.45
Cash to close$275,570$40,799$40,799