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$73,734$73,734$229,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$155,766$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.850%7.560%
1st payment$489.69$489.69$1,576.51
2nd payment$0.00$1,038.44$0.00
Taxes / mo$314.33$314.33$314.33
Insurance / mo$150.00$150.00$150.00
MI / mo$76.58$76.58$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,030.60$2,069.05$2,086.74
Cash to close$181,266$25,500$25,500