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$103,187$103,187$269,820
Remaining term (yrs)16.716.730.0
Secondary amount$0$166,633$0
Funding fee$0$0$0
Note rate3.510%3.510%7.320%
Blended rate4.360%6.608%7.560%
1st payment$677.24$677.24$1,853.48
2nd payment$0.00$1,110.89$0.00
Taxes / mo$371.17$371.17$371.17
Insurance / mo$150.00$150.00$150.00
MI / mo$106.70$106.70$53.96
HOA / mo$0.00$0.00$0.00
Total monthly$1,305.10$2,415.99$2,428.61
Cash to close$196,613$29,980$29,980