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$46,386$46,386$180,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$133,614$0
Funding fee$0$0$0
Note rate3.980%3.980%7.320%
Blended rate4.830%7.183%7.560%
1st payment$290.30$290.30$1,236.48
2nd payment$0.00$890.76$0.00
Taxes / mo$47.50$47.50$47.50
Insurance / mo$150.00$150.00$150.00
MI / mo$43.18$43.18$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$530.97$1,421.73$1,469.98
Cash to close$153,614$20,000$20,000