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$85,879$85,879$288,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$202,121$0
Funding fee$0$0$0
Note rate3.970%3.970%7.320%
Blended rate4.820%6.876%7.560%
1st payment$527.79$527.79$1,978.36
2nd payment$0.00$1,305.36$0.00
Taxes / mo$136.94$136.94$136.94
Insurance / mo$150.00$150.00$150.00
MI / mo$78.59$78.59$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$893.32$2,198.68$2,322.90
Cash to close$234,121$32,000$32,000