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$109,068$109,068$297,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$187,932$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.806%7.640%
1st payment$633.02$633.02$2,056.37
2nd payment$0.00$1,252.88$0.00
Taxes / mo$148.25$148.25$148.25
Insurance / mo$150.00$150.00$150.00
MI / mo$95.06$95.06$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,026.33$2,279.21$2,414.02
Cash to close$220,932$33,000$33,000