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$114,405$114,405$283,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$169,095$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%6.559%7.640%
1st payment$675.97$675.97$1,962.90
2nd payment$0.00$1,127.30$0.00
Taxes / mo$74.00$74.00$74.00
Insurance / mo$150.00$150.00$150.00
MI / mo$105.58$105.58$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,005.55$2,132.85$2,243.60
Cash to close$200,595$31,500$31,500