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$122,235$122,235$287,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$165,675$0
Funding fee$0$0$0
Note rate3.420%3.420%7.320%
Blended rate4.270%6.416%7.560%
1st payment$697.84$697.84$1,977.74
2nd payment$0.00$1,104.50$0.00
Taxes / mo$414.33$414.33$414.33
Insurance / mo$150.00$150.00$150.00
MI / mo$111.18$111.18$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,373.36$2,477.86$2,599.66
Cash to close$197,665$31,990$31,990