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$109,349$109,349$292,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$183,151$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.729%7.560%
1st payment$681.63$681.63$2,009.27
2nd payment$0.00$1,221.01$0.00
Taxes / mo$162.08$162.08$162.08
Insurance / mo$150.00$150.00$150.00
MI / mo$104.26$104.26$58.50
HOA / mo$115.00$115.00$115.00
Total monthly$1,212.97$2,433.98$2,494.86
Cash to close$215,651$32,500$32,500