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$126,231$126,231$288,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$161,769$0
Funding fee$0$0$0
Note rate3.720%3.720%7.320%
Blended rate4.570%6.497%7.560%
1st payment$759.36$759.36$1,978.36
2nd payment$0.00$1,078.46$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$116.57$116.57$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,292.59$2,371.05$2,452.63
Cash to close$193,769$32,000$32,000