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$84,806$84,806$278,910
Remaining term (yrs)18.618.630.0
Secondary amount$0$194,104$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.936%7.640%
1st payment$521.04$521.04$1,931.12
2nd payment$0.00$1,294.03$0.00
Taxes / mo$157.75$157.75$157.75
Insurance / mo$150.00$150.00$150.00
MI / mo$80.68$80.68$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$909.47$2,203.49$2,294.65
Cash to close$225,094$30,990$30,990