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$115,200$115,200$351,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$235,800$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.759%7.640%
1st payment$667.39$667.39$2,430.25
2nd payment$0.00$1,522.87$0.00
Taxes / mo$219.08$219.08$219.08
Insurance / mo$150.00$150.00$150.00
MI / mo$100.47$100.47$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,136.94$2,659.81$2,869.54
Cash to close$274,800$39,000$39,000