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$122,500$122,500$295,191
Remaining term (yrs)23.023.030.0
Secondary amount$0$172,691$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.568%7.640%
1st payment$656.80$656.80$2,043.84
2nd payment$0.00$1,151.27$0.00
Taxes / mo$85.35$85.35$85.35
Insurance / mo$150.00$150.00$150.00
MI / mo$101.07$101.07$59.04
HOA / mo$227.00$227.00$227.00
Total monthly$1,220.22$2,371.49$2,565.23
Cash to close$205,490$32,799$32,799