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$94,071$94,071$269,100
Remaining term (yrs)15.415.430.0
Secondary amount$0$175,029$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.864%7.640%
1st payment$672.10$672.10$1,863.19
2nd payment$0.00$1,166.86$0.00
Taxes / mo$454.92$454.92$454.92
Insurance / mo$150.00$150.00$150.00
MI / mo$100.93$100.93$53.82
HOA / mo$215.00$215.00$215.00
Total monthly$1,592.95$2,759.81$2,736.93
Cash to close$204,929$29,900$29,900