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$80,156$80,156$220,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$140,344$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%6.771%7.640%
1st payment$497.41$497.41$1,526.70
2nd payment$0.00$935.63$0.00
Taxes / mo$184.67$184.67$184.67
Insurance / mo$150.00$150.00$150.00
MI / mo$75.89$75.89$44.10
HOA / mo$130.00$130.00$130.00
Total monthly$1,037.97$1,973.59$2,035.46
Cash to close$164,844$24,500$24,500