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$122,500$122,500$292,410
Remaining term (yrs)23.023.030.0
Secondary amount$0$169,910$0
Funding fee$0$0$0
Note rate3.700%3.700%7.240%
Blended rate4.550%6.555%7.480%
1st payment$656.80$656.80$1,992.77
2nd payment$0.00$1,132.73$0.00
Taxes / mo$85.35$85.35$85.35
Insurance / mo$150.00$150.00$150.00
MI / mo$101.07$101.07$58.48
HOA / mo$227.00$227.00$227.00
Total monthly$1,220.22$2,352.95$2,513.60
Cash to close$202,400$32,490$32,490