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$124,045$124,045$296,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$172,865$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.458%7.640%
1st payment$710.73$710.73$2,055.74
2nd payment$0.00$1,152.43$0.00
Taxes / mo$191.83$191.83$191.83
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$59.38
HOA / mo$175.00$175.00$175.00
Total monthly$1,340.23$2,492.66$2,631.96
Cash to close$205,855$32,990$32,990