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$93,768$93,768$279,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$185,232$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.743%7.640%
1st payment$627.00$627.00$1,931.74
2nd payment$0.00$1,234.88$0.00
Taxes / mo$150.25$150.25$150.25
Insurance / mo$150.00$150.00$150.00
MI / mo$100.02$100.02$55.80
HOA / mo$178.00$178.00$178.00
Total monthly$1,205.27$2,440.15$2,465.79
Cash to close$216,232$31,000$31,000