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$86,504$86,504$220,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$133,996$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.564%7.560%
1st payment$536.36$536.36$1,514.68
2nd payment$0.00$893.31$0.00
Taxes / mo$209.42$209.42$209.42
Insurance / mo$150.00$150.00$150.00
MI / mo$84.71$84.71$44.10
HOA / mo$360.00$360.00$360.00
Total monthly$1,340.49$2,233.80$2,278.20
Cash to close$158,496$24,500$24,500