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$109,154$109,154$346,299
Remaining term (yrs)16.916.930.0
Secondary amount$0$237,146$0
Funding fee$0$0$0
Note rate3.930%3.930%7.400%
Blended rate4.780%6.814%7.640%
1st payment$734.41$734.41$2,397.71
2nd payment$0.00$1,531.57$0.00
Taxes / mo$123.08$123.08$123.08
Insurance / mo$150.00$150.00$150.00
MI / mo$109.89$109.89$69.26
HOA / mo$20.00$20.00$20.00
Total monthly$1,137.38$2,668.94$2,760.05
Cash to close$275,623$38,478$38,478