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$58,512$58,512$193,050
Remaining term (yrs)18.518.530.0
Secondary amount$0$134,538$0
Funding fee$0$0$0
Note rate3.770%3.770%7.320%
Blended rate4.620%6.976%7.560%
1st payment$364.21$364.21$1,326.12
2nd payment$0.00$896.92$0.00
Taxes / mo$474.79$474.79$474.79
Insurance / mo$150.00$150.00$150.00
MI / mo$55.57$55.57$38.61
HOA / mo$0.00$0.00$0.00
Total monthly$1,044.58$1,941.50$1,989.52
Cash to close$155,988$21,450$21,450