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$117,847$117,847$305,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$187,253$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.687%7.560%
1st payment$632.15$632.15$2,095.83
2nd payment$0.00$1,248.35$0.00
Taxes / mo$441.00$441.00$441.00
Insurance / mo$150.00$150.00$150.00
MI / mo$96.69$96.69$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,319.84$2,568.19$2,747.85
Cash to close$221,153$33,900$33,900