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$109,731$109,731$268,200
Remaining term (yrs)19.819.830.0
Secondary amount$0$158,469$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%6.310%7.560%
1st payment$611.52$611.52$1,842.35
2nd payment$0.00$1,056.46$0.00
Taxes / mo$209.83$209.83$209.83
Insurance / mo$150.00$150.00$150.00
MI / mo$91.14$91.14$53.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,062.50$2,118.96$2,255.82
Cash to close$188,269$29,800$29,800