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$119,373$119,373$279,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$159,627$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.597%7.560%
1st payment$715.23$715.23$1,916.54
2nd payment$0.00$1,064.18$0.00
Taxes / mo$204.50$204.50$204.50
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$55.80
HOA / mo$100.00$100.00$100.00
Total monthly$1,277.53$2,341.71$2,426.84
Cash to close$190,627$31,000$31,000