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$109,274$109,274$279,000
Remaining term (yrs)18.418.430.0
Secondary amount$0$169,726$0
Funding fee$0$0$0
Note rate3.630%3.630%7.400%
Blended rate4.480%6.621%7.640%
1st payment$676.58$676.58$1,931.74
2nd payment$0.00$1,131.50$0.00
Taxes / mo$194.08$194.08$194.08
Insurance / mo$150.00$150.00$150.00
MI / mo$105.02$105.02$55.80
HOA / mo$190.00$190.00$190.00
Total monthly$1,315.69$2,447.19$2,521.62
Cash to close$200,726$31,000$31,000