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$113,830$113,830$269,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$155,270$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.536%7.640%
1st payment$677.09$677.09$1,863.19
2nd payment$0.00$1,035.13$0.00
Taxes / mo$234.17$234.17$234.17
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,165.58$2,200.71$2,301.18
Cash to close$185,170$29,900$29,900