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$96,415$96,415$360,000
Remaining term (yrs)18.218.230.0
Secondary amount$0$263,585$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.971%7.640%
1st payment$618.61$618.61$2,492.57
2nd payment$0.00$1,702.32$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$91.89$91.89$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,193.83$2,896.15$3,047.90
Cash to close$303,585$40,000$40,000