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$77,233$77,233$238,500
Remaining term (yrs)16.016.030.0
Secondary amount$0$161,267$0
Funding fee$0$0$0
Note rate3.590%3.590%7.320%
Blended rate4.440%6.847%7.560%
1st payment$525.32$525.32$1,638.33
2nd payment$0.00$1,075.12$0.00
Taxes / mo$138.17$138.17$138.17
Insurance / mo$150.00$150.00$150.00
MI / mo$81.95$81.95$47.70
HOA / mo$300.00$300.00$300.00
Total monthly$1,195.44$2,270.55$2,274.20
Cash to close$187,767$26,500$26,500