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$76,567$76,567$224,910
Remaining term (yrs)15.415.430.0
Secondary amount$0$148,343$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.924%7.640%
1st payment$552.64$552.64$1,557.23
2nd payment$0.00$988.95$0.00
Taxes / mo$199.25$199.25$199.25
Insurance / mo$150.00$150.00$150.00
MI / mo$82.09$82.09$44.98
HOA / mo$420.00$420.00$420.00
Total monthly$1,403.99$2,392.94$2,371.46
Cash to close$173,333$24,990$24,990