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$115,530$115,530$310,500
Remaining term (yrs)16.116.130.0
Secondary amount$0$194,970$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%6.597%7.640%
1st payment$770.80$770.80$2,149.84
2nd payment$0.00$1,299.80$0.00
Taxes / mo$70.83$70.83$70.83
Insurance / mo$150.00$150.00$150.00
MI / mo$123.42$123.42$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,115.05$2,414.85$2,432.77
Cash to close$229,470$34,500$34,500