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$86,504$86,504$198,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$111,496$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.401%7.560%
1st payment$536.36$536.36$1,360.12
2nd payment$0.00$743.31$0.00
Taxes / mo$209.67$209.67$209.67
Insurance / mo$150.00$150.00$150.00
MI / mo$84.71$84.71$39.60
HOA / mo$360.00$360.00$360.00
Total monthly$1,340.74$2,084.05$2,119.39
Cash to close$133,496$22,000$22,000