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$80,296$80,296$169,650
Remaining term (yrs)21.121.130.0
Secondary amount$0$89,354$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%7.007%7.640%
1st payment$465.37$465.37$1,174.62
2nd payment$0.00$670.16$0.00
Taxes / mo$100.33$100.33$100.33
Insurance / mo$150.00$150.00$150.00
MI / mo$69.55$69.55$33.93
HOA / mo$0.00$0.00$0.00
Total monthly$785.26$1,455.41$1,458.89
Cash to close$108,204$18,850$18,850