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$90,705$90,705$242,010
Remaining term (yrs)19.519.530.0
Secondary amount$0$151,305$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%6.699%7.640%
1st payment$540.62$540.62$1,675.63
2nd payment$0.00$1,008.70$0.00
Taxes / mo$117.50$117.50$117.50
Insurance / mo$150.00$150.00$150.00
MI / mo$83.40$83.40$48.40
HOA / mo$331.00$331.00$331.00
Total monthly$1,222.52$2,231.22$2,322.53
Cash to close$178,195$26,890$26,890