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$134,014$134,014$314,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$180,896$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.447%7.560%
1st payment$815.69$815.69$2,163.21
2nd payment$0.00$1,205.97$0.00
Taxes / mo$333.83$333.83$333.83
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,428.19$2,634.16$2,710.03
Cash to close$215,886$34,990$34,990