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$78,221$78,221$189,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$110,779$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.643%7.640%
1st payment$475.28$475.28$1,308.60
2nd payment$0.00$738.53$0.00
Taxes / mo$249.33$249.33$249.33
Insurance / mo$150.00$150.00$150.00
MI / mo$71.64$71.64$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$946.25$1,684.78$1,745.73
Cash to close$131,779$21,000$21,000