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$62,911$62,911$171,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$108,089$0
Funding fee$0$0$0
Note rate3.770%3.770%7.320%
Blended rate4.620%6.756%7.560%
1st payment$369.54$369.54$1,174.65
2nd payment$0.00$720.59$0.00
Taxes / mo$87.75$87.75$87.75
Insurance / mo$150.00$150.00$150.00
MI / mo$56.38$56.38$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$663.68$1,384.27$1,446.60
Cash to close$127,089$19,000$19,000