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$106,205$106,205$337,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$231,295$0
Funding fee$0$0$0
Note rate3.380%3.380%7.320%
Blended rate4.230%6.642%7.560%
1st payment$705.87$705.87$2,318.39
2nd payment$0.00$1,493.78$0.00
Taxes / mo$177.33$177.33$177.33
Insurance / mo$150.00$150.00$150.00
MI / mo$113.03$113.03$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.23$2,640.01$2,713.22
Cash to close$268,795$37,500$37,500