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$108,768$108,768$337,410
Remaining term (yrs)16.216.230.0
Secondary amount$0$228,642$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%6.593%7.560%
1st payment$719.15$719.15$2,317.77
2nd payment$0.00$1,476.65$0.00
Taxes / mo$217.92$217.92$217.92
Insurance / mo$150.00$150.00$150.00
MI / mo$116.17$116.17$67.48
HOA / mo$62.83$62.83$62.83
Total monthly$1,266.06$2,742.70$2,816.00
Cash to close$266,132$37,490$37,490