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$92,269$92,269$369,000
Remaining term (yrs)15.215.230.0
Secondary amount$0$276,731$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%7.020%7.640%
1st payment$670.75$670.75$2,554.88
2nd payment$0.00$1,787.22$0.00
Taxes / mo$174.00$174.00$174.00
Insurance / mo$150.00$150.00$150.00
MI / mo$99.76$99.76$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,094.51$2,881.73$2,952.68
Cash to close$317,731$41,000$41,000