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$100,344$100,344$252,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$151,656$0
Funding fee$0$0$0
Note rate3.420%3.420%7.320%
Blended rate4.270%6.515%7.560%
1st payment$574.51$574.51$1,731.07
2nd payment$0.00$1,011.04$0.00
Taxes / mo$233.33$233.33$233.33
Insurance / mo$150.00$150.00$150.00
MI / mo$91.53$91.53$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,049.37$2,060.42$2,164.80
Cash to close$179,656$28,000$28,000