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$104,347$104,347$405,000
Remaining term (yrs)15.615.630.0
Secondary amount$0$300,653$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.972%7.640%
1st payment$738.74$738.74$2,804.14
2nd payment$0.00$1,941.72$0.00
Taxes / mo$248.83$248.83$248.83
Insurance / mo$150.00$150.00$150.00
MI / mo$111.21$111.21$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,248.78$3,190.50$3,283.97
Cash to close$345,653$45,000$45,000