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$131,317$131,317$359,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$227,783$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.488%7.640%
1st payment$675.65$675.65$2,486.34
2nd payment$0.00$1,471.10$0.00
Taxes / mo$203.92$203.92$203.92
Insurance / mo$150.00$150.00$150.00
MI / mo$107.24$107.24$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,136.81$2,607.91$2,912.07
Cash to close$267,683$39,900$39,900