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$75,132$75,132$225,000
Remaining term (yrs)19.019.030.0
Secondary amount$0$149,868$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.938%7.640%
1st payment$467.07$467.07$1,557.85
2nd payment$0.00$999.12$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$150.00$150.00$150.00
MI / mo$69.55$69.55$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$894.95$1,894.07$1,961.19
Cash to close$174,868$25,000$25,000