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$113,534$113,534$287,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$174,376$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.561%7.640%
1st payment$588.49$588.49$1,993.43
2nd payment$0.00$1,162.50$0.00
Taxes / mo$32.92$32.92$32.92
Insurance / mo$150.00$150.00$150.00
MI / mo$92.83$92.83$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$864.24$2,026.74$2,233.93
Cash to close$206,366$31,990$31,990