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$128,788$128,788$314,910
Remaining term (yrs)18.318.330.0
Secondary amount$0$186,122$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.630%7.640%
1st payment$811.14$811.14$2,180.37
2nd payment$0.00$1,240.81$0.00
Taxes / mo$163.33$163.33$163.33
Insurance / mo$150.00$150.00$150.00
MI / mo$123.31$123.31$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.78$2,488.60$2,556.69
Cash to close$221,112$34,990$34,990