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$79,621$79,621$317,700
Remaining term (yrs)18.918.930.0
Secondary amount$0$238,079$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.991%7.560%
1st payment$493.74$493.74$2,182.38
2nd payment$0.00$1,537.59$0.00
Taxes / mo$187.83$187.83$187.83
Insurance / mo$150.00$150.00$150.00
MI / mo$74.42$74.42$63.54
HOA / mo$0.00$0.00$0.00
Total monthly$905.99$2,443.58$2,583.75
Cash to close$273,379$35,300$35,300