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$51,683$51,683$170,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$119,227$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%7.008%7.560%
1st payment$314.93$314.93$1,174.03
2nd payment$0.00$794.85$0.00
Taxes / mo$173.83$173.83$173.83
Insurance / mo$150.00$150.00$150.00
MI / mo$47.47$47.47$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$686.23$1,481.08$1,532.05
Cash to close$138,217$18,990$18,990