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$108,386$108,386$269,100
Remaining term (yrs)16.116.130.0
Secondary amount$0$160,714$0
Funding fee$0$0$0
Note rate3.410%3.410%7.320%
Blended rate4.260%6.494%7.560%
1st payment$724.74$724.74$1,848.53
2nd payment$0.00$1,071.43$0.00
Taxes / mo$88.92$88.92$88.92
Insurance / mo$150.00$150.00$150.00
MI / mo$115.61$115.61$53.82
HOA / mo$199.00$199.00$199.00
Total monthly$1,278.27$2,349.70$2,340.27
Cash to close$190,614$29,900$29,900