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$75,073$75,073$161,910
Remaining term (yrs)16.216.230.0
Secondary amount$0$86,837$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%7.020%7.640%
1st payment$517.73$517.73$1,121.03
2nd payment$0.00$651.28$0.00
Taxes / mo$171.33$171.33$171.33
Insurance / mo$150.00$150.00$150.00
MI / mo$77.94$77.94$32.38
HOA / mo$232.00$232.00$232.00
Total monthly$1,149.00$1,800.28$1,706.75
Cash to close$104,827$17,990$17,990