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$107,936$107,936$386,910
Remaining term (yrs)16.016.030.0
Secondary amount$0$278,974$0
Funding fee$0$0$0
Note rate0.110%0.110%7.320%
Blended rate0.960%5.856%7.560%
1st payment$561.36$561.36$2,657.80
2nd payment$0.00$1,801.71$0.00
Taxes / mo$699.33$699.33$699.33
Insurance / mo$150.00$150.00$150.00
MI / mo$140.80$140.80$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,551.50$3,353.20$3,584.52
Cash to close$321,964$42,990$42,990