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$96,987$96,987$279,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$182,013$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.895%7.640%
1st payment$597.75$597.75$1,931.74
2nd payment$0.00$1,213.42$0.00
Taxes / mo$164.75$164.75$164.75
Insurance / mo$150.00$150.00$150.00
MI / mo$89.01$89.01$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,001.51$2,214.93$2,302.29
Cash to close$213,013$31,000$31,000