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$117,224$117,224$261,000
Remaining term (yrs)16.616.630.0
Secondary amount$0$143,776$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.361%7.640%
1st payment$771.59$771.59$1,807.11
2nd payment$0.00$958.50$0.00
Taxes / mo$261.33$261.33$261.33
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,304.64$2,263.14$2,270.64
Cash to close$172,776$29,000$29,000