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$61,436$61,436$206,910
Remaining term (yrs)16.116.130.0
Secondary amount$0$145,474$0
Funding fee$0$0$0
Note rate3.250%3.250%7.320%
Blended rate4.100%6.842%7.560%
1st payment$405.96$405.96$1,421.33
2nd payment$0.00$969.83$0.00
Taxes / mo$309.67$309.67$309.67
Insurance / mo$150.00$150.00$150.00
MI / mo$66.07$66.07$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$931.70$1,901.52$1,922.38
Cash to close$168,464$22,990$22,990