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$113,933$113,933$400,119
Remaining term (yrs)23.623.630.0
Secondary amount$0$286,187$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%6.705%7.640%
1st payment$573.02$573.02$2,770.35
2nd payment$0.00$1,848.29$0.00
Taxes / mo$190.08$190.08$190.08
Insurance / mo$150.00$150.00$150.00
MI / mo$93.50$93.50$80.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,006.61$2,854.90$3,190.45
Cash to close$330,644$44,458$44,458