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$89,440$89,440$359,100
Remaining term (yrs)19.119.130.0
Secondary amount$0$269,660$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.978%7.640%
1st payment$546.50$546.50$2,486.34
2nd payment$0.00$1,741.55$0.00
Taxes / mo$42.17$42.17$42.17
Insurance / mo$150.00$150.00$150.00
MI / mo$83.08$83.08$71.82
HOA / mo$4.17$4.17$4.17
Total monthly$825.91$2,567.47$2,754.49
Cash to close$309,560$39,900$39,900