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$130,155$130,155$404,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$274,755$0
Funding fee$0$0$0
Note rate3.440%3.440%7.320%
Blended rate4.290%6.638%7.560%
1st payment$750.84$750.84$2,781.45
2nd payment$0.00$1,774.46$0.00
Taxes / mo$316.17$316.17$316.17
Insurance / mo$150.00$150.00$150.00
MI / mo$119.33$119.33$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,336.33$3,110.79$3,328.60
Cash to close$319,745$44,990$44,990