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$118,744$118,744$431,100
Remaining term (yrs)19.719.730.0
Secondary amount$0$312,356$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.844%7.640%
1st payment$699.39$699.39$2,984.85
2nd payment$0.00$2,017.30$0.00
Taxes / mo$399.17$399.17$399.17
Insurance / mo$166.67$166.67$166.67
MI / mo$108.83$108.83$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,374.05$3,391.35$3,636.90
Cash to close$360,256$47,900$47,900