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$134,228$134,228$306,000
Remaining term (yrs)19.019.030.0
Secondary amount$0$171,772$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.452%7.560%
1st payment$810.13$810.13$2,102.01
2nd payment$0.00$1,145.15$0.00
Taxes / mo$422.17$422.17$422.17
Insurance / mo$150.00$150.00$150.00
MI / mo$125.91$125.91$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,508.20$2,653.35$2,735.37
Cash to close$205,772$34,000$34,000