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$123,881$123,881$396,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$272,119$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%6.549%7.640%
1st payment$592.65$592.65$2,741.82
2nd payment$0.00$1,757.44$0.00
Taxes / mo$170.00$170.00$170.00
Insurance / mo$150.00$150.00$150.00
MI / mo$98.81$98.81$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,011.46$2,768.89$3,141.02
Cash to close$316,119$44,000$44,000