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$131,247$131,247$288,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$156,753$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.428%7.640%
1st payment$700.51$700.51$1,994.05
2nd payment$0.00$1,045.02$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,224.98$2,270.01$2,468.32
Cash to close$188,753$32,000$32,000