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$97,333$97,333$279,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$181,667$0
Funding fee$0$0$0
Note rate3.390%3.390%7.400%
Blended rate4.240%6.688%7.640%
1st payment$649.88$649.88$1,931.74
2nd payment$0.00$1,211.11$0.00
Taxes / mo$143.33$143.33$143.33
Insurance / mo$150.00$150.00$150.00
MI / mo$103.93$103.93$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,047.14$2,258.25$2,280.87
Cash to close$212,667$31,000$31,000