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$108,196$108,196$260,955
Remaining term (yrs)15.915.930.0
Secondary amount$0$152,759$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.536%7.560%
1st payment$740.37$740.37$1,792.58
2nd payment$0.00$1,018.39$0.00
Taxes / mo$538.83$538.83$538.83
Insurance / mo$150.00$150.00$150.00
MI / mo$115.06$115.06$52.19
HOA / mo$0.00$0.00$0.00
Total monthly$1,544.26$2,562.66$2,533.60
Cash to close$181,754$28,995$28,995