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$117,845$117,845$269,999
Remaining term (yrs)23.023.030.0
Secondary amount$0$152,154$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.468%7.640%
1st payment$628.07$628.07$1,869.42
2nd payment$0.00$1,014.36$0.00
Taxes / mo$47.75$47.75$47.75
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$923.19$1,937.55$2,121.17
Cash to close$182,154$30,000$30,000