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$121,157$121,157$315,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$193,843$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.677%7.560%
1st payment$724.00$724.00$2,163.83
2nd payment$0.00$1,292.28$0.00
Taxes / mo$456.58$456.58$456.58
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.87$2,734.15$2,833.41
Cash to close$228,843$35,000$35,000