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$72,275$72,275$189,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$116,725$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.753%7.640%
1st payment$518.04$518.04$1,308.60
2nd payment$0.00$778.16$0.00
Taxes / mo$349.92$349.92$349.92
Insurance / mo$150.00$150.00$150.00
MI / mo$77.89$77.89$37.80
HOA / mo$385.00$385.00$385.00
Total monthly$1,480.84$2,259.01$2,231.31
Cash to close$137,725$21,000$21,000