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$115,462$115,462$359,991
Remaining term (yrs)18.418.430.0
Secondary amount$0$244,529$0
Funding fee$0$0$0
Note rate3.630%3.630%7.400%
Blended rate4.480%6.701%7.640%
1st payment$714.89$714.89$2,492.50
2nd payment$0.00$1,579.25$0.00
Taxes / mo$311.67$311.67$311.67
Insurance / mo$150.00$150.00$150.00
MI / mo$110.97$110.97$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,287.53$2,866.78$3,026.17
Cash to close$284,528$39,999$39,999