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$106,965$106,965$287,100
Remaining term (yrs)15.615.630.0
Secondary amount$0$180,135$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.733%7.640%
1st payment$750.30$750.30$1,987.82
2nd payment$0.00$1,200.90$0.00
Taxes / mo$426.67$426.67$426.67
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.72$2,642.63$2,621.91
Cash to close$212,035$31,900$31,900