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$88,654$88,654$229,410
Remaining term (yrs)16.416.430.0
Secondary amount$0$140,756$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.609%7.640%
1st payment$590.06$590.06$1,588.39
2nd payment$0.00$938.37$0.00
Taxes / mo$227.25$227.25$227.25
Insurance / mo$150.00$150.00$150.00
MI / mo$92.50$92.50$45.88
HOA / mo$110.00$110.00$110.00
Total monthly$1,169.81$2,108.19$2,121.52
Cash to close$166,246$25,490$25,490