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$109,160$109,160$269,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$160,840$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%6.383%7.560%
1st payment$543.19$543.19$1,854.71
2nd payment$0.00$1,072.26$0.00
Taxes / mo$316.17$316.17$316.17
Insurance / mo$150.00$150.00$150.00
MI / mo$89.53$89.53$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,098.89$2,171.15$2,374.87
Cash to close$190,839$30,000$30,000