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$123,817$123,817$332,100
Remaining term (yrs)15.915.930.0
Secondary amount$0$208,283$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.501%7.640%
1st payment$842.94$842.94$2,299.39
2nd payment$0.00$1,345.16$0.00
Taxes / mo$307.50$307.50$307.50
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,432.59$2,777.75$2,823.31
Cash to close$245,183$36,900$36,900