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$112,591$112,591$341,910
Remaining term (yrs)19.019.030.0
Secondary amount$0$229,319$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%6.746%7.560%
1st payment$692.90$692.90$2,348.68
2nd payment$0.00$1,481.02$0.00
Taxes / mo$130.33$130.33$130.33
Insurance / mo$150.00$150.00$150.00
MI / mo$104.69$104.69$68.38
HOA / mo$55.00$55.00$55.00
Total monthly$1,132.93$2,613.95$2,752.40
Cash to close$267,309$37,990$37,990