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$65,681$65,681$314,910
Remaining term (yrs)15.815.830.0
Secondary amount$0$249,229$0
Funding fee$0$0$0
Note rate3.660%3.660%7.320%
Blended rate4.510%7.074%7.560%
1st payment$454.22$454.22$2,163.21
2nd payment$0.00$1,609.61$0.00
Taxes / mo$118.83$118.83$118.83
Insurance / mo$150.00$150.00$150.00
MI / mo$70.25$70.25$62.98
HOA / mo$247.00$247.00$247.00
Total monthly$1,040.30$2,649.91$2,742.03
Cash to close$284,219$34,990$34,990