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$63,519$63,519$179,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$116,391$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.694%7.640%
1st payment$365.70$365.70$1,245.66
2nd payment$0.00$775.94$0.00
Taxes / mo$166.58$166.58$166.58
Insurance / mo$150.00$150.00$150.00
MI / mo$58.05$58.05$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$740.32$1,516.27$1,598.23
Cash to close$136,381$19,990$19,990