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$78,286$78,286$283,500
Remaining term (yrs)15.515.530.0
Secondary amount$0$205,214$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.935%7.640%
1st payment$559.13$559.13$1,962.90
2nd payment$0.00$1,325.34$0.00
Taxes / mo$442.37$442.37$442.37
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$56.70
HOA / mo$27.92$27.92$27.92
Total monthly$1,262.88$2,588.22$2,639.89
Cash to close$236,714$31,500$31,500