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$75,283$75,283$116,901
Remaining term (yrs)23.523.530.0
Secondary amount$0$41,618$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.973%7.560%
1st payment$388.23$388.23$803.03
2nd payment$0.00$312.13$0.00
Taxes / mo$239.03$239.03$239.03
Insurance / mo$150.00$150.00$150.00
MI / mo$61.62$61.62$23.38
HOA / mo$200.00$200.00$200.00
Total monthly$1,038.88$1,351.02$1,415.44
Cash to close$54,607$12,989$12,989