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$62,900$62,900$179,100
Remaining term (yrs)19.319.330.0
Secondary amount$0$116,200$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.883%7.640%
1st payment$387.67$387.67$1,240.05
2nd payment$0.00$774.67$0.00
Taxes / mo$151.75$151.75$151.75
Insurance / mo$150.00$150.00$150.00
MI / mo$57.73$57.73$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$747.14$1,521.81$1,577.62
Cash to close$136,100$19,900$19,900