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$90,254$90,254$328,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$238,246$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.802%7.640%
1st payment$466.50$466.50$2,274.47
2nd payment$0.00$1,538.67$0.00
Taxes / mo$77.83$77.83$77.83
Insurance / mo$150.00$150.00$150.00
MI / mo$74.05$74.05$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$768.38$2,307.05$2,568.00
Cash to close$274,746$36,500$36,500