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$121,645$121,645$301,410
Remaining term (yrs)18.918.930.0
Secondary amount$0$179,765$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%6.333%7.640%
1st payment$699.54$699.54$2,086.90
2nd payment$0.00$1,198.44$0.00
Taxes / mo$278.83$278.83$278.83
Insurance / mo$150.00$150.00$150.00
MI / mo$117.23$117.23$60.28
HOA / mo$154.00$154.00$154.00
Total monthly$1,399.60$2,598.04$2,730.02
Cash to close$213,255$33,490$33,490