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$87,264$87,264$251,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$164,646$0
Funding fee$0$0$0
Note rate3.520%3.520%7.400%
Blended rate4.370%6.743%7.640%
1st payment$579.51$579.51$1,744.17
2nd payment$0.00$1,097.64$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$150.00$150.00$150.00
MI / mo$91.19$91.19$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$994.86$2,092.50$2,118.72
Cash to close$192,636$27,990$27,990