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$66,643$66,643$171,000
Remaining term (yrs)14.814.830.0
Secondary amount$0$104,357$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%6.383%7.560%
1st payment$460.22$460.22$1,174.65
2nd payment$0.00$695.71$0.00
Taxes / mo$420.67$420.67$420.67
Insurance / mo$150.00$150.00$150.00
MI / mo$77.32$77.32$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,108.21$1,803.93$1,779.52
Cash to close$123,357$19,000$19,000