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$125,426$125,426$337,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$212,074$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.512%7.640%
1st payment$738.30$738.30$2,336.78
2nd payment$0.00$1,369.64$0.00
Taxes / mo$99.83$99.83$99.83
Insurance / mo$150.00$150.00$150.00
MI / mo$115.45$115.45$67.50
HOA / mo$13.00$13.00$13.00
Total monthly$1,116.58$2,486.23$2,667.12
Cash to close$249,574$37,500$37,500