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$78,879$78,879$215,910
Remaining term (yrs)17.617.630.0
Secondary amount$0$137,031$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.802%7.640%
1st payment$512.54$512.54$1,494.92
2nd payment$0.00$913.54$0.00
Taxes / mo$298.58$298.58$298.58
Insurance / mo$150.00$150.00$150.00
MI / mo$77.25$77.25$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,038.37$1,951.91$1,986.68
Cash to close$161,021$23,990$23,990