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$119,322$119,322$427,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$308,178$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.860%7.640%
1st payment$741.35$741.35$2,959.92
2nd payment$0.00$1,990.32$0.00
Taxes / mo$178.91$178.91$178.91
Insurance / mo$166.67$166.67$166.67
MI / mo$113.95$113.95$85.50
HOA / mo$36.00$36.00$36.00
Total monthly$1,236.87$3,227.19$3,427.00
Cash to close$355,678$47,500$47,500