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$118,239$118,239$278,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$160,671$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%6.512%7.560%
1st payment$704.33$704.33$1,915.92
2nd payment$0.00$1,071.14$0.00
Taxes / mo$113.25$113.25$113.25
Insurance / mo$150.00$150.00$150.00
MI / mo$109.19$109.19$55.78
HOA / mo$49.33$49.33$49.33
Total monthly$1,126.11$2,197.25$2,284.28
Cash to close$191,661$30,990$30,990