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$104,586$104,586$391,500
Remaining term (yrs)20.520.530.0
Secondary amount$0$286,914$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%6.722%7.640%
1st payment$569.02$569.02$2,710.67
2nd payment$0.00$1,852.98$0.00
Taxes / mo$108.58$108.58$108.58
Insurance / mo$150.00$150.00$150.00
MI / mo$86.75$86.75$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$914.36$2,767.34$3,047.55
Cash to close$330,414$43,500$43,500