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$127,986$127,986$449,100
Remaining term (yrs)20.220.230.0
Secondary amount$0$321,114$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.906%7.560%
1st payment$763.22$763.22$3,085.01
2nd payment$0.00$2,073.86$0.00
Taxes / mo$181.50$181.50$181.50
Insurance / mo$166.67$166.67$166.67
MI / mo$114.06$114.06$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,225.45$3,299.31$3,522.99
Cash to close$371,014$49,900$49,900