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$100,053$100,053$310,500
Remaining term (yrs)19.319.330.0
Secondary amount$0$210,447$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.774%7.560%
1st payment$609.67$609.67$2,132.92
2nd payment$0.00$1,359.14$0.00
Taxes / mo$104.00$104.00$104.00
Insurance / mo$150.00$150.00$150.00
MI / mo$91.89$91.89$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$955.57$2,314.70$2,449.02
Cash to close$244,947$34,500$34,500