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$67,079$67,079$215,910
Remaining term (yrs)15.615.630.0
Secondary amount$0$148,831$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.972%7.640%
1st payment$473.55$473.55$1,494.92
2nd payment$0.00$992.21$0.00
Taxes / mo$254.58$254.58$254.58
Insurance / mo$150.00$150.00$150.00
MI / mo$71.64$71.64$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$949.77$1,941.97$1,942.68
Cash to close$172,821$23,990$23,990