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$122,983$122,983$296,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$173,927$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.517%7.640%
1st payment$711.61$711.61$2,055.74
2nd payment$0.00$1,159.52$0.00
Taxes / mo$185.33$185.33$185.33
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,158.23$2,317.74$2,450.46
Cash to close$206,917$32,990$32,990