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$107,072$107,072$359,100
Remaining term (yrs)16.516.530.0
Secondary amount$0$252,028$0
Funding fee$0$0$0
Note rate3.530%3.530%7.320%
Blended rate4.380%6.745%7.560%
1st payment$708.97$708.97$2,466.77
2nd payment$0.00$1,627.68$0.00
Taxes / mo$169.50$169.50$169.50
Insurance / mo$150.00$150.00$150.00
MI / mo$111.42$111.42$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,139.89$2,767.57$2,858.09
Cash to close$291,928$39,900$39,900