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$124,688$124,688$296,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$172,222$0
Funding fee$0$0$0
Note rate3.520%3.520%7.400%
Blended rate4.370%6.476%7.640%
1st payment$718.26$718.26$2,055.74
2nd payment$0.00$1,148.15$0.00
Taxes / mo$153.75$153.75$153.75
Insurance / mo$150.00$150.00$150.00
MI / mo$113.02$113.02$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,135.03$2,283.18$2,418.88
Cash to close$205,212$32,990$32,990