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$97,135$97,135$351,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$253,865$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.826%7.640%
1st payment$647.00$647.00$2,430.25
2nd payment$0.00$1,639.55$0.00
Taxes / mo$222.83$222.83$222.83
Insurance / mo$150.00$150.00$150.00
MI / mo$101.30$101.30$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,121.13$2,760.68$2,873.29
Cash to close$292,865$39,000$39,000