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$84,047$84,047$206,910
Remaining term (yrs)15.915.930.0
Secondary amount$0$122,863$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.554%7.640%
1st payment$573.86$573.86$1,432.60
2nd payment$0.00$819.09$0.00
Taxes / mo$160.08$160.08$160.08
Insurance / mo$150.00$150.00$150.00
MI / mo$89.52$89.52$41.38
HOA / mo$267.00$267.00$267.00
Total monthly$1,240.46$2,059.55$2,051.07
Cash to close$145,853$22,990$22,990