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$69,120$69,120$143,100
Remaining term (yrs)16.416.430.0
Secondary amount$0$73,980$0
Funding fee$0$0$0
Note rate3.370%3.370%7.320%
Blended rate4.220%6.691%7.560%
1st payment$453.86$453.86$983.00
2nd payment$0.00$554.85$0.00
Taxes / mo$36.33$36.33$36.33
Insurance / mo$150.00$150.00$150.00
MI / mo$72.76$72.76$28.62
HOA / mo$0.00$0.00$0.00
Total monthly$712.96$1,267.81$1,197.95
Cash to close$89,880$15,900$15,900