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$77,970$77,970$225,180
Remaining term (yrs)20.920.930.0
Secondary amount$0$147,210$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.868%7.640%
1st payment$451.70$451.70$1,559.10
2nd payment$0.00$981.40$0.00
Taxes / mo$121.17$121.17$121.17
Insurance / mo$150.00$150.00$150.00
MI / mo$68.00$68.00$45.04
HOA / mo$0.00$0.00$0.00
Total monthly$790.87$1,772.27$1,875.30
Cash to close$172,230$25,020$25,020