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$113,218$113,218$382,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$269,282$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.779%7.560%
1st payment$673.26$673.26$2,627.51
2nd payment$0.00$1,739.11$0.00
Taxes / mo$81.50$81.50$81.50
Insurance / mo$150.00$150.00$150.00
MI / mo$104.63$104.63$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,009.39$2,748.50$2,935.51
Cash to close$311,782$42,500$42,500