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$81,774$81,774$337,410
Remaining term (yrs)16.216.230.0
Secondary amount$0$255,636$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%6.902%7.640%
1st payment$544.31$544.31$2,336.16
2nd payment$0.00$1,650.98$0.00
Taxes / mo$312.42$312.42$312.42
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,093.66$2,744.64$2,866.06
Cash to close$293,126$37,490$37,490