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$119,205$119,205$346,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$227,295$0
Funding fee$0$0$0
Note rate3.980%3.980%7.320%
Blended rate4.830%6.745%7.560%
1st payment$748.22$748.22$2,380.21
2nd payment$0.00$1,467.95$0.00
Taxes / mo$227.33$227.33$227.33
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,236.83$2,704.78$2,826.85
Cash to close$265,795$38,500$38,500