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$87,800$87,800$301,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$213,700$0
Funding fee$0$0$0
Note rate3.670%3.670%7.320%
Blended rate4.520%6.809%7.560%
1st payment$540.34$540.34$2,071.10
2nd payment$0.00$1,380.14$0.00
Taxes / mo$270.42$270.42$270.42
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$60.30
HOA / mo$29.58$29.58$29.58
Total monthly$1,073.79$2,453.94$2,581.39
Cash to close$247,200$33,500$33,500