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$126,879$126,879$404,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$278,120$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%6.710%7.640%
1st payment$673.73$673.73$2,804.13
2nd payment$0.00$1,796.19$0.00
Taxes / mo$338.50$338.50$338.50
Insurance / mo$150.00$150.00$150.00
MI / mo$105.23$105.23$81.00
HOA / mo$29.00$29.00$29.00
Total monthly$1,296.46$3,092.65$3,402.63
Cash to close$323,120$45,000$45,000