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$116,062$116,062$382,410
Remaining term (yrs)20.420.430.0
Secondary amount$0$266,348$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.739%7.560%
1st payment$665.98$665.98$2,626.89
2nd payment$0.00$1,720.17$0.00
Taxes / mo$300.58$300.58$300.58
Insurance / mo$150.00$150.00$150.00
MI / mo$104.14$104.14$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,220.71$2,940.88$3,153.96
Cash to close$308,838$42,490$42,490