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$78,277$78,277$125,010
Remaining term (yrs)19.919.930.0
Secondary amount$0$46,733$0
Funding fee$0$0$0
Note rate3.430%3.430%7.320%
Blended rate4.280%6.044%7.560%
1st payment$451.16$451.16$858.73
2nd payment$0.00$350.50$0.00
Taxes / mo$184.83$184.83$184.83
Insurance / mo$150.00$150.00$150.00
MI / mo$71.79$71.79$25.00
HOA / mo$0.00$0.00$0.00
Total monthly$857.79$1,208.29$1,218.57
Cash to close$60,623$13,890$13,890