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$129,622$129,622$341,100
Remaining term (yrs)18.518.530.0
Secondary amount$0$211,478$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%6.561%7.640%
1st payment$806.84$806.84$2,361.71
2nd payment$0.00$1,365.80$0.00
Taxes / mo$321.90$321.90$321.90
Insurance / mo$150.00$150.00$150.00
MI / mo$123.10$123.10$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,401.84$2,767.64$2,901.82
Cash to close$249,378$37,900$37,900