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$107,923$107,923$314,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$206,177$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%6.565%7.560%
1st payment$557.82$557.82$2,157.65
2nd payment$0.00$1,331.56$0.00
Taxes / mo$290.83$290.83$290.83
Insurance / mo$150.00$150.00$150.00
MI / mo$88.54$88.54$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.20$2,418.75$2,661.30
Cash to close$241,077$34,900$34,900