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$131,414$131,414$382,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$251,086$0
Funding fee$0$0$0
Note rate3.370%3.370%7.400%
Blended rate4.220%6.537%7.640%
1st payment$872.77$872.77$2,648.35
2nd payment$0.00$1,621.59$0.00
Taxes / mo$357.33$357.33$357.33
Insurance / mo$150.00$150.00$150.00
MI / mo$139.92$139.92$76.50
HOA / mo$181.00$181.00$181.00
Total monthly$1,701.03$3,322.62$3,413.19
Cash to close$293,586$42,500$42,500