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$82,335$82,335$269,910
Remaining term (yrs)15.515.530.0
Secondary amount$0$187,575$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%7.003%7.560%
1st payment$585.15$585.15$1,854.09
2nd payment$0.00$1,250.50$0.00
Taxes / mo$159.17$159.17$159.17
Insurance / mo$150.00$150.00$150.00
MI / mo$88.09$88.09$53.98
HOA / mo$38.33$38.33$38.33
Total monthly$1,020.73$2,271.24$2,255.57
Cash to close$217,565$29,990$29,990