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$129,341$129,341$355,500
Remaining term (yrs)15.615.630.0
Secondary amount$0$226,159$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.659%7.640%
1st payment$916.98$916.98$2,461.41
2nd payment$0.00$1,460.61$0.00
Taxes / mo$104.33$104.33$104.33
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,309.03$2,769.64$2,786.84
Cash to close$265,659$39,500$39,500