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$97,880$97,880$332,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$235,030$0
Funding fee$0$0$0
Note rate3.370%3.370%7.320%
Blended rate4.220%6.712%7.560%
1st payment$645.13$645.13$2,286.86
2nd payment$0.00$1,517.90$0.00
Taxes / mo$158.17$158.17$158.17
Insurance / mo$150.00$150.00$150.00
MI / mo$103.43$103.43$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,056.73$2,574.63$2,661.61
Cash to close$272,020$36,990$36,990