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$73,505$73,505$197,910
Remaining term (yrs)16.616.630.0
Secondary amount$0$124,405$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.626%7.640%
1st payment$481.99$481.99$1,370.29
2nd payment$0.00$829.37$0.00
Taxes / mo$291.50$291.50$291.50
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$39.58
HOA / mo$170.00$170.00$170.00
Total monthly$1,170.00$1,999.36$2,021.37
Cash to close$146,395$21,990$21,990