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$102,756$102,756$360,000
Remaining term (yrs)15.315.330.0
Secondary amount$0$257,244$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.905%7.640%
1st payment$741.99$741.99$2,492.57
2nd payment$0.00$1,661.37$0.00
Taxes / mo$218.00$218.00$218.00
Insurance / mo$150.00$150.00$150.00
MI / mo$110.89$110.89$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,220.88$2,882.24$2,932.57
Cash to close$297,244$40,000$40,000