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$106,657$106,657$269,100
Remaining term (yrs)16.316.330.0
Secondary amount$0$162,443$0
Funding fee$0$0$0
Note rate3.370%3.370%7.320%
Blended rate4.220%6.502%7.560%
1st payment$705.65$705.65$1,848.53
2nd payment$0.00$1,082.95$0.00
Taxes / mo$249.17$249.17$249.17
Insurance / mo$150.00$150.00$150.00
MI / mo$113.13$113.13$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,217.95$2,300.90$2,301.52
Cash to close$192,343$29,900$29,900