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$114,156$114,156$333,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$218,844$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.650%7.640%
1st payment$677.09$677.09$2,305.62
2nd payment$0.00$1,413.37$0.00
Taxes / mo$38.00$38.00$38.00
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$969.41$2,382.78$2,560.22
Cash to close$255,844$37,000$37,000