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$80,447$80,447$279,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$198,553$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%7.069%7.640%
1st payment$575.57$575.57$1,931.74
2nd payment$0.00$1,323.69$0.00
Taxes / mo$377.45$377.45$377.45
Insurance / mo$150.00$150.00$150.00
MI / mo$86.23$86.23$55.80
HOA / mo$9.17$9.17$9.17
Total monthly$1,198.42$2,522.10$2,524.16
Cash to close$229,553$31,000$31,000