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$116,076$116,076$346,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$230,424$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%6.772%7.640%
1st payment$728.58$728.58$2,399.10
2nd payment$0.00$1,488.16$0.00
Taxes / mo$214.92$214.92$214.92
Insurance / mo$150.00$150.00$150.00
MI / mo$108.36$108.36$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,201.85$2,690.01$2,833.31
Cash to close$268,924$38,500$38,500