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$66,344$66,344$152,999
Remaining term (yrs)19.919.930.0
Secondary amount$0$86,656$0
Funding fee$0$0$0
Note rate3.440%3.440%7.320%
Blended rate4.290%6.958%7.560%
1st payment$381.62$381.62$1,051.00
2nd payment$0.00$649.92$0.00
Taxes / mo$286.46$286.46$286.46
Insurance / mo$150.00$150.00$150.00
MI / mo$60.65$60.65$30.60
HOA / mo$0.00$0.00$0.00
Total monthly$878.73$1,528.64$1,518.06
Cash to close$103,655$17,000$17,000