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$98,265$98,265$304,200
Remaining term (yrs)19.219.230.0
Secondary amount$0$205,935$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%6.807%7.640%
1st payment$607.88$607.88$2,106.22
2nd payment$0.00$1,329.99$0.00
Taxes / mo$182.58$182.58$182.58
Insurance / mo$150.00$150.00$150.00
MI / mo$90.41$90.41$60.84
HOA / mo$35.00$35.00$35.00
Total monthly$1,065.87$2,395.86$2,534.64
Cash to close$239,735$33,800$33,800