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$81,494$81,494$197,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$116,416$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.559%7.640%
1st payment$428.92$428.92$1,370.29
2nd payment$0.00$776.11$0.00
Taxes / mo$244.50$244.50$244.50
Insurance / mo$150.00$150.00$150.00
MI / mo$66.41$66.41$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$889.84$1,665.95$1,804.37
Cash to close$138,406$21,990$21,990