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$131,940$131,940$324,000
Remaining term (yrs)18.418.430.0
Secondary amount$0$192,060$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%6.672%7.560%
1st payment$831.97$831.97$2,225.66
2nd payment$0.00$1,280.40$0.00
Taxes / mo$188.17$188.17$188.17
Insurance / mo$150.00$150.00$150.00
MI / mo$125.09$125.09$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,295.23$2,575.63$2,628.62
Cash to close$228,060$36,000$36,000