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$101,283$101,283$306,000
Remaining term (yrs)17.517.530.0
Secondary amount$0$204,717$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%6.532%7.560%
1st payment$627.08$627.08$2,102.01
2nd payment$0.00$1,322.13$0.00
Taxes / mo$256.25$256.25$256.25
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,117.27$2,439.40$2,569.46
Cash to close$238,717$34,000$34,000