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$71,531$71,531$242,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$171,379$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%7.046%7.560%
1st payment$416.60$416.60$1,668.62
2nd payment$0.00$1,142.53$0.00
Taxes / mo$190.83$190.83$190.83
Insurance / mo$150.00$150.00$150.00
MI / mo$62.49$62.49$48.58
HOA / mo$5.67$5.67$5.67
Total monthly$825.59$1,968.11$2,063.71
Cash to close$198,369$26,990$26,990