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$108,297$108,297$314,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$206,613$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.581%7.640%
1st payment$659.16$659.16$2,180.37
2nd payment$0.00$1,334.38$0.00
Taxes / mo$173.08$173.08$173.08
Insurance / mo$150.00$150.00$150.00
MI / mo$103.98$103.98$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,086.22$2,420.59$2,566.44
Cash to close$241,603$34,990$34,990