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$97,225$97,225$306,000
Remaining term (yrs)13.413.430.0
Secondary amount$0$208,775$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.743%7.640%
1st payment$764.80$764.80$2,118.68
2nd payment$0.00$1,348.34$0.00
Taxes / mo$68.58$68.58$68.58
Insurance / mo$150.00$150.00$150.00
MI / mo$91.53$91.53$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,074.91$2,423.25$2,398.47
Cash to close$242,775$34,000$34,000