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$79,789$79,789$278,100
Remaining term (yrs)16.616.630.0
Secondary amount$0$198,311$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.973%7.640%
1st payment$527.98$527.98$1,925.51
2nd payment$0.00$1,322.07$0.00
Taxes / mo$257.58$257.58$257.58
Insurance / mo$150.00$150.00$150.00
MI / mo$82.56$82.56$55.62
HOA / mo$180.00$180.00$180.00
Total monthly$1,198.13$2,520.20$2,568.71
Cash to close$229,211$30,900$30,900