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$93,671$93,671$269,100
Remaining term (yrs)19.019.030.0
Secondary amount$0$175,429$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.869%7.640%
1st payment$578.90$578.90$1,863.19
2nd payment$0.00$1,169.53$0.00
Taxes / mo$178.67$178.67$178.67
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$53.82
HOA / mo$73.00$73.00$73.00
Total monthly$1,067.51$2,237.03$2,318.68
Cash to close$205,329$29,900$29,900