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$89,618$89,618$382,499
Remaining term (yrs)19.919.930.0
Secondary amount$0$292,881$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.939%7.640%
1st payment$516.99$516.99$2,648.35
2nd payment$0.00$1,891.52$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$82.16$82.16$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,103.32$2,994.84$3,229.01
Cash to close$335,381$42,500$42,500