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$104,784$104,784$292,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$187,716$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%6.675%7.560%
1st payment$603.27$603.27$2,009.27
2nd payment$0.00$1,251.44$0.00
Taxes / mo$134.92$134.92$134.92
Insurance / mo$150.00$150.00$150.00
MI / mo$95.76$95.76$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$983.95$2,235.38$2,352.69
Cash to close$220,216$32,500$32,500