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$63,710$63,710$193,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$129,790$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.851%7.640%
1st payment$440.60$440.60$1,339.75
2nd payment$0.00$865.26$0.00
Taxes / mo$125.50$125.50$125.50
Insurance / mo$150.00$150.00$150.00
MI / mo$68.14$68.14$38.70
HOA / mo$473.00$473.00$473.00
Total monthly$1,257.23$2,122.50$2,126.95
Cash to close$151,290$21,500$21,500