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$111,195$111,195$445,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$334,305$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%6.881%7.640%
1st payment$735.65$735.65$3,084.55
2nd payment$0.00$2,159.05$0.00
Taxes / mo$106.59$106.59$106.59
Insurance / mo$166.67$166.67$166.67
MI / mo$117.21$117.21$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,126.11$3,285.17$3,446.91
Cash to close$383,805$49,500$49,500