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$101,890$101,890$359,100
Remaining term (yrs)18.418.430.0
Secondary amount$0$257,210$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.845%7.560%
1st payment$633.04$633.04$2,466.77
2nd payment$0.00$1,661.15$0.00
Taxes / mo$199.67$199.67$199.67
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$71.82
HOA / mo$16.17$16.17$16.17
Total monthly$1,096.18$2,757.33$2,904.42
Cash to close$297,110$39,900$39,900