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$90,307$90,307$265,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$175,193$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.799%7.640%
1st payment$537.02$537.02$1,838.27
2nd payment$0.00$1,167.95$0.00
Taxes / mo$144.08$144.08$144.08
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$914.56$2,082.51$2,185.45
Cash to close$204,693$29,500$29,500