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$104,390$104,390$254,700
Remaining term (yrs)19.919.930.0
Secondary amount$0$150,310$0
Funding fee$0$0$0
Note rate3.480%3.480%7.320%
Blended rate4.330%6.496%7.560%
1st payment$604.35$604.35$1,749.61
2nd payment$0.00$1,002.07$0.00
Taxes / mo$232.50$232.50$232.50
Insurance / mo$150.00$150.00$150.00
MI / mo$95.57$95.57$50.94
HOA / mo$0.00$0.00$0.00
Total monthly$1,082.41$2,084.48$2,183.05
Cash to close$178,610$28,300$28,300