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$101,578$101,578$264,600
Remaining term (yrs)19.619.630.0
Secondary amount$0$163,022$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.660%7.640%
1st payment$602.63$602.63$1,832.04
2nd payment$0.00$1,086.82$0.00
Taxes / mo$183.42$183.42$183.42
Insurance / mo$150.00$150.00$150.00
MI / mo$93.20$93.20$52.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,029.24$2,116.06$2,218.37
Cash to close$192,422$29,400$29,400