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$89,211$89,211$171,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$81,789$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%6.418%7.640%
1st payment$447.29$447.29$1,183.97
2nd payment$0.00$613.42$0.00
Taxes / mo$70.50$70.50$70.50
Insurance / mo$150.00$150.00$150.00
MI / mo$73.26$73.26$34.20
HOA / mo$30.00$30.00$30.00
Total monthly$771.05$1,384.47$1,468.67
Cash to close$100,789$19,000$19,000