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$89,352$89,352$229,500
Remaining term (yrs)21.221.230.0
Secondary amount$0$140,148$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.750%7.560%
1st payment$516.57$516.57$1,576.51
2nd payment$0.00$934.32$0.00
Taxes / mo$64.25$64.25$64.25
Insurance / mo$150.00$150.00$150.00
MI / mo$77.20$77.20$45.90
HOA / mo$200.00$200.00$200.00
Total monthly$1,008.02$1,942.34$2,036.66
Cash to close$165,648$25,500$25,500