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$68,892$68,892$230,000
Remaining term (yrs)15.615.630.0
Secondary amount$0$161,107$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%7.021%7.640%
1st payment$487.73$487.73$1,592.47
2nd payment$0.00$1,074.05$0.00
Taxes / mo$125.08$125.08$125.08
Insurance / mo$150.00$150.00$150.00
MI / mo$73.42$73.42$46.00
HOA / mo$0.00$0.00$0.00
Total monthly$836.24$1,910.29$1,913.55
Cash to close$186,663$25,556$25,556