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$83,336$83,336$180,000
Remaining term (yrs)20.820.830.0
Secondary amount$0$96,664$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%7.032%7.640%
1st payment$486.16$486.16$1,246.28
2nd payment$0.00$724.98$0.00
Taxes / mo$103.83$103.83$103.83
Insurance / mo$150.00$150.00$150.00
MI / mo$73.01$73.01$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$813.00$1,537.98$1,536.12
Cash to close$116,664$20,000$20,000