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$106,565$106,565$269,910
Remaining term (yrs)18.618.630.0
Secondary amount$0$163,345$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%6.677%7.560%
1st payment$662.94$662.94$1,854.09
2nd payment$0.00$1,088.97$0.00
Taxes / mo$169.58$169.58$169.58
Insurance / mo$150.00$150.00$150.00
MI / mo$100.78$100.78$53.98
HOA / mo$50.00$50.00$50.00
Total monthly$1,133.30$2,222.27$2,277.66
Cash to close$193,335$29,990$29,990