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$107,157$107,157$278,550
Remaining term (yrs)16.216.230.0
Secondary amount$0$171,393$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.561%7.640%
1st payment$713.79$713.79$1,928.62
2nd payment$0.00$1,142.62$0.00
Taxes / mo$209.58$209.58$209.58
Insurance / mo$150.00$150.00$150.00
MI / mo$113.87$113.87$55.71
HOA / mo$61.00$61.00$61.00
Total monthly$1,248.24$2,390.86$2,404.92
Cash to close$202,343$30,950$30,950