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$88,408$88,408$238,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$150,092$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.673%7.560%
1st payment$515.91$515.91$1,638.33
2nd payment$0.00$1,000.62$0.00
Taxes / mo$372.85$372.85$372.85
Insurance / mo$150.00$150.00$150.00
MI / mo$80.68$80.68$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,119.44$2,120.06$2,208.88
Cash to close$176,592$26,500$26,500