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$113,574$113,574$270,000
Remaining term (yrs)16.816.830.0
Secondary amount$0$156,426$0
Funding fee$0$0$0
Note rate3.540%3.540%7.320%
Blended rate4.390%6.481%7.560%
1st payment$744.42$744.42$1,854.71
2nd payment$0.00$1,042.84$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$150.00$150.00$150.00
MI / mo$116.84$116.84$54.00
HOA / mo$4.17$4.17$4.17
Total monthly$1,159.27$2,202.11$2,206.72
Cash to close$186,426$30,000$30,000