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$113,855$113,855$369,000
Remaining term (yrs)16.816.830.0
Secondary amount$0$255,145$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%6.849%7.640%
1st payment$771.60$771.60$2,554.88
2nd payment$0.00$1,647.81$0.00
Taxes / mo$193.08$193.08$193.08
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$73.80
HOA / mo$9.58$9.58$9.58
Total monthly$1,239.02$2,886.83$2,981.34
Cash to close$296,145$41,000$41,000