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$125,664$125,664$306,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$180,336$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%6.596%7.560%
1st payment$680.42$680.42$2,102.01
2nd payment$0.00$1,202.24$0.00
Taxes / mo$130.38$130.38$130.38
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,065.13$2,267.37$2,443.59
Cash to close$214,336$34,000$34,000