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$98,820$98,820$341,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$242,280$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%6.658%7.560%
1st payment$494.22$494.22$2,343.12
2nd payment$0.00$1,564.72$0.00
Taxes / mo$139.17$139.17$139.17
Insurance / mo$150.00$150.00$150.00
MI / mo$80.00$80.00$68.22
HOA / mo$13.00$13.00$13.00
Total monthly$876.38$2,441.10$2,713.51
Cash to close$280,180$37,900$37,900