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$94,960$94,960$387,450
Remaining term (yrs)19.719.730.0
Secondary amount$0$292,490$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.951%7.640%
1st payment$560.77$560.77$2,682.63
2nd payment$0.00$1,889.00$0.00
Taxes / mo$173.08$173.08$173.08
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$77.49
HOA / mo$0.00$0.00$0.00
Total monthly$970.79$2,859.79$3,083.20
Cash to close$335,540$43,050$43,050