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$80,036$80,036$314,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$234,874$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%6.893%7.640%
1st payment$531.90$531.90$2,180.37
2nd payment$0.00$1,516.90$0.00
Taxes / mo$147.92$147.92$147.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.59$83.59$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$913.41$2,430.31$2,541.27
Cash to close$269,864$34,990$34,990