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$101,090$101,090$259,200
Remaining term (yrs)23.323.330.0
Secondary amount$0$158,110$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%6.647%7.640%
1st payment$537.26$537.26$1,794.65
2nd payment$0.00$1,054.07$0.00
Taxes / mo$326.33$326.33$326.33
Insurance / mo$150.00$150.00$150.00
MI / mo$82.88$82.88$51.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,096.48$2,150.55$2,322.82
Cash to close$186,910$28,800$28,800