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$113,568$113,568$274,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$160,932$0
Funding fee$0$0$0
Note rate3.520%3.520%7.320%
Blended rate4.370%6.498%7.560%
1st payment$751.41$751.41$1,885.62
2nd payment$0.00$1,072.88$0.00
Taxes / mo$574.58$574.58$574.58
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$54.90
HOA / mo$266.67$266.67$266.67
Total monthly$1,860.90$2,933.78$2,931.78
Cash to close$191,432$30,500$30,500