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$98,379$98,379$269,100
Remaining term (yrs)21.221.230.0
Secondary amount$0$170,721$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.826%7.560%
1st payment$568.76$568.76$1,848.53
2nd payment$0.00$1,138.14$0.00
Taxes / mo$137.33$137.33$137.33
Insurance / mo$150.00$150.00$150.00
MI / mo$85.00$85.00$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$941.09$2,079.23$2,189.68
Cash to close$200,621$29,900$29,900