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$115,893$115,893$337,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$221,607$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%6.555%7.640%
1st payment$663.53$663.53$2,336.78
2nd payment$0.00$1,431.21$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$105.72$105.72$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,231.75$2,662.96$2,866.78
Cash to close$259,107$37,500$37,500