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$95,371$95,371$278,100
Remaining term (yrs)16.616.630.0
Secondary amount$0$182,729$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.731%7.640%
1st payment$625.37$625.37$1,925.51
2nd payment$0.00$1,218.19$0.00
Taxes / mo$257.50$257.50$257.50
Insurance / mo$150.00$150.00$150.00
MI / mo$99.26$99.26$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,132.14$2,350.33$2,388.63
Cash to close$213,629$30,900$30,900