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$109,016$109,016$391,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$282,484$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%6.917%7.560%
1st payment$672.34$672.34$2,689.33
2nd payment$0.00$1,824.37$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$100.85$100.85$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,285.69$3,110.06$3,280.13
Cash to close$325,984$43,500$43,500