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$122,291$122,291$382,500
Remaining term (yrs)19.319.330.0
Secondary amount$0$260,209$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%6.797%7.560%
1st payment$748.37$748.37$2,627.51
2nd payment$0.00$1,680.51$0.00
Taxes / mo$484.58$484.58$484.58
Insurance / mo$150.00$150.00$150.00
MI / mo$112.12$112.12$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,495.07$3,175.58$3,338.59
Cash to close$302,709$42,500$42,500