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$91,355$91,355$274,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$183,145$0
Funding fee$0$0$0
Note rate3.340%3.340%7.320%
Blended rate4.190%6.732%7.560%
1st payment$598.50$598.50$1,885.62
2nd payment$0.00$1,220.97$0.00
Taxes / mo$304.42$304.42$304.42
Insurance / mo$150.00$150.00$150.00
MI / mo$96.31$96.31$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,149.24$2,370.20$2,394.94
Cash to close$213,645$30,500$30,500