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$132,274$132,274$305,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$172,826$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%6.452%7.640%
1st payment$779.29$779.29$2,112.45
2nd payment$0.00$1,152.17$0.00
Taxes / mo$393.58$393.58$393.58
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,444.58$2,596.75$2,717.05
Cash to close$206,726$33,900$33,900