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$98,550$98,550$369,900
Remaining term (yrs)15.915.930.0
Secondary amount$0$271,350$0
Funding fee$0$0$0
Note rate3.400%3.400%7.320%
Blended rate4.250%6.818%7.560%
1st payment$666.20$666.20$2,540.96
2nd payment$0.00$1,752.47$0.00
Taxes / mo$177.83$177.83$177.83
Insurance / mo$150.00$150.00$150.00
MI / mo$106.41$106.41$73.98
HOA / mo$35.00$35.00$35.00
Total monthly$1,135.44$2,887.91$2,977.77
Cash to close$312,450$41,100$41,100