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$60,242$60,242$179,955
Remaining term (yrs)15.615.630.0
Secondary amount$0$119,713$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.905%7.560%
1st payment$426.49$426.49$1,236.17
2nd payment$0.00$798.08$0.00
Taxes / mo$456.75$456.75$456.75
Insurance / mo$150.00$150.00$150.00
MI / mo$64.20$64.20$35.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,097.45$1,895.53$1,878.91
Cash to close$139,708$19,995$19,995