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$101,436$101,436$301,499
Remaining term (yrs)15.515.530.0
Secondary amount$0$200,063$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.731%7.560%
1st payment$720.39$720.39$2,071.09
2nd payment$0.00$1,292.08$0.00
Taxes / mo$295.33$295.33$295.33
Insurance / mo$150.00$150.00$150.00
MI / mo$108.58$108.58$60.30
HOA / mo$241.00$241.00$241.00
Total monthly$1,515.30$2,807.38$2,817.72
Cash to close$233,563$33,500$33,500