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$81,401$81,401$261,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$179,599$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%6.802%7.560%
1st payment$538.20$538.20$1,792.89
2nd payment$0.00$1,197.33$0.00
Taxes / mo$167.25$167.25$167.25
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$52.20
HOA / mo$118.00$118.00$118.00
Total monthly$1,060.39$2,257.72$2,280.34
Cash to close$208,599$29,000$29,000