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$132,736$132,736$341,100
Remaining term (yrs)18.718.730.0
Secondary amount$0$208,364$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.485%7.640%
1st payment$813.00$813.00$2,361.71
2nd payment$0.00$1,345.69$0.00
Taxes / mo$315.83$315.83$315.83
Insurance / mo$150.00$150.00$150.00
MI / mo$125.89$125.89$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,404.72$2,750.41$2,895.76
Cash to close$246,264$37,900$37,900