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$79,157$79,157$197,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$118,753$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%6.696%7.560%
1st payment$462.56$462.56$1,359.50
2nd payment$0.00$791.68$0.00
Taxes / mo$213.25$213.25$213.25
Insurance / mo$150.00$150.00$150.00
MI / mo$69.55$69.55$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$895.36$1,687.04$1,762.34
Cash to close$140,743$21,990$21,990