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$127,814$127,814$346,410
Remaining term (yrs)20.820.830.0
Secondary amount$0$218,596$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.643%7.560%
1st payment$745.63$745.63$2,379.60
2nd payment$0.00$1,411.77$0.00
Taxes / mo$150.33$150.33$150.33
Insurance / mo$150.00$150.00$150.00
MI / mo$111.98$111.98$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,157.94$2,569.70$2,749.21
Cash to close$257,086$38,490$38,490