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$130,183$130,183$348,300
Remaining term (yrs)24.424.430.0
Secondary amount$0$218,117$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%6.300%7.640%
1st payment$625.73$625.73$2,411.56
2nd payment$0.00$1,408.67$0.00
Taxes / mo$268.25$268.25$268.25
Insurance / mo$150.00$150.00$150.00
MI / mo$104.86$104.86$69.66
HOA / mo$61.00$61.00$61.00
Total monthly$1,209.84$2,618.51$2,960.47
Cash to close$256,817$38,700$38,700