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$135,534$135,534$341,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$206,376$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.513%7.640%
1st payment$844.34$844.34$2,367.32
2nd payment$0.00$1,332.85$0.00
Taxes / mo$226.25$226.25$226.25
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,349.26$2,682.10$2,811.95
Cash to close$244,366$37,990$37,990