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$142,110$142,110$314,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$172,800$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%6.267%7.640%
1st payment$719.04$719.04$2,180.37
2nd payment$0.00$1,152.00$0.00
Taxes / mo$101.25$101.25$101.25
Insurance / mo$150.00$150.00$150.00
MI / mo$116.15$116.15$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,086.44$2,238.44$2,494.61
Cash to close$207,790$34,990$34,990