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$113,830$113,830$287,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$173,270$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.628%7.640%
1st payment$677.09$677.09$1,987.82
2nd payment$0.00$1,155.13$0.00
Taxes / mo$234.17$234.17$234.17
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,165.58$2,320.71$2,429.41
Cash to close$205,170$31,900$31,900