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$103,055$103,055$304,191
Remaining term (yrs)20.920.930.0
Secondary amount$0$201,136$0
Funding fee$0$0$0
Note rate3.820%3.820%7.320%
Blended rate4.670%6.707%7.560%
1st payment$593.76$593.76$2,089.58
2nd payment$0.00$1,299.00$0.00
Taxes / mo$216.75$216.75$216.75
Insurance / mo$150.00$150.00$150.00
MI / mo$90.04$90.04$60.84
HOA / mo$69.00$69.00$69.00
Total monthly$1,119.55$2,418.55$2,586.17
Cash to close$234,935$33,799$33,799