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$134,637$134,637$337,410
Remaining term (yrs)21.321.330.0
Secondary amount$0$202,773$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%6.214%7.640%
1st payment$714.12$714.12$2,336.16
2nd payment$0.00$1,309.58$0.00
Taxes / mo$312.42$312.42$312.42
Insurance / mo$150.00$150.00$150.00
MI / mo$108.87$108.87$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,285.41$2,594.99$2,866.06
Cash to close$240,263$37,490$37,490