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$91,195$91,195$234,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$142,805$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.605%7.640%
1st payment$533.71$533.71$1,620.17
2nd payment$0.00$952.03$0.00
Taxes / mo$210.92$210.92$210.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$46.80
HOA / mo$100.00$100.00$100.00
Total monthly$1,078.08$2,030.12$2,127.89
Cash to close$168,805$26,000$26,000