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$86,660$86,660$193,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$106,750$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%6.490%7.560%
1st payment$497.47$497.47$1,328.59
2nd payment$0.00$711.66$0.00
Taxes / mo$179.08$179.08$179.08
Insurance / mo$150.00$150.00$150.00
MI / mo$75.81$75.81$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$902.37$1,614.03$1,696.36
Cash to close$128,240$21,490$21,490