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$65,730$65,730$180,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$114,270$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%6.733%7.640%
1st payment$404.85$404.85$1,246.28
2nd payment$0.00$761.80$0.00
Taxes / mo$115.08$115.08$115.08
Insurance / mo$150.00$150.00$150.00
MI / mo$62.46$62.46$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$732.39$1,494.19$1,547.37
Cash to close$134,270$20,000$20,000