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$110,734$110,734$374,175
Remaining term (yrs)19.819.830.0
Secondary amount$0$263,441$0
Funding fee$0$0$0
Note rate3.410%3.410%7.320%
Blended rate4.260%6.717%7.560%
1st payment$637.10$637.10$2,570.32
2nd payment$0.00$1,701.39$0.00
Taxes / mo$175.08$175.08$175.08
Insurance / mo$150.00$150.00$150.00
MI / mo$101.63$101.63$74.84
HOA / mo$20.00$20.00$20.00
Total monthly$1,083.82$2,785.21$2,990.24
Cash to close$305,016$41,575$41,575