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$87,419$87,419$206,910
Remaining term (yrs)21.121.130.0
Secondary amount$0$119,491$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.627%7.640%
1st payment$504.80$504.80$1,432.60
2nd payment$0.00$796.61$0.00
Taxes / mo$127.67$127.67$127.67
Insurance / mo$150.00$150.00$150.00
MI / mo$75.81$75.81$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$858.28$1,654.88$1,751.65
Cash to close$142,481$22,990$22,990