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$84,751$84,751$202,050
Remaining term (yrs)16.016.030.0
Secondary amount$0$117,299$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.465%7.560%
1st payment$572.25$572.25$1,387.94
2nd payment$0.00$782.00$0.00
Taxes / mo$462.92$462.92$462.92
Insurance / mo$150.00$150.00$150.00
MI / mo$90.38$90.38$40.41
HOA / mo$0.00$0.00$0.00
Total monthly$1,275.54$2,057.54$2,041.27
Cash to close$139,749$22,450$22,450