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$119,658$119,658$413,100
Remaining term (yrs)16.816.830.0
Secondary amount$0$293,442$0
Funding fee$0$0$0
Note rate3.540%3.540%7.320%
Blended rate4.390%6.777%7.560%
1st payment$784.30$784.30$2,837.71
2nd payment$0.00$1,895.15$0.00
Taxes / mo$219.92$219.92$219.92
Insurance / mo$166.67$166.67$166.67
MI / mo$123.10$123.10$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,293.99$3,189.13$3,306.91
Cash to close$339,342$45,900$45,900