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$97,005$97,005$251,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$154,095$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.679%7.640%
1st payment$521.66$521.66$1,738.57
2nd payment$0.00$1,027.30$0.00
Taxes / mo$253.50$253.50$253.50
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,005.14$2,032.44$2,192.29
Cash to close$181,995$27,900$27,900