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$131,818$131,818$296,100
Remaining term (yrs)20.020.030.0
Secondary amount$0$164,282$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.357%7.640%
1st payment$757.42$757.42$2,050.14
2nd payment$0.00$1,095.21$0.00
Taxes / mo$265.40$265.40$265.40
Insurance / mo$150.00$150.00$150.00
MI / mo$120.07$120.07$59.22
HOA / mo$70.00$70.00$70.00
Total monthly$1,362.89$2,458.10$2,594.75
Cash to close$197,182$32,900$32,900