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$80,610$80,610$193,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$112,890$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.663%7.640%
1st payment$474.40$474.40$1,339.75
2nd payment$0.00$752.60$0.00
Taxes / mo$105.75$105.75$105.75
Insurance / mo$150.00$150.00$150.00
MI / mo$70.90$70.90$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$801.05$1,553.66$1,634.20
Cash to close$134,390$21,500$21,500