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$65,157$65,157$180,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$114,843$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.722%7.640%
1st payment$440.83$440.83$1,246.28
2nd payment$0.00$765.62$0.00
Taxes / mo$340.42$340.42$340.42
Insurance / mo$150.00$150.00$150.00
MI / mo$68.51$68.51$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$999.76$1,765.38$1,772.70
Cash to close$134,843$20,000$20,000