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$91,867$91,867$278,999
Remaining term (yrs)16.316.330.0
Secondary amount$0$187,132$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%6.765%7.640%
1st payment$609.16$609.16$1,931.73
2nd payment$0.00$1,247.55$0.00
Taxes / mo$210.42$210.42$210.42
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$55.80
HOA / mo$215.00$215.00$215.00
Total monthly$1,281.87$2,529.42$2,562.95
Cash to close$218,132$31,000$31,000