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$92,520$92,520$207,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$114,480$0
Funding fee$0$0$0
Note rate3.300%3.300%7.400%
Blended rate4.150%6.279%7.640%
1st payment$468.72$468.72$1,433.23
2nd payment$0.00$763.20$0.00
Taxes / mo$28.58$28.58$28.58
Insurance / mo$150.00$150.00$150.00
MI / mo$75.81$75.81$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$723.11$1,486.31$1,653.21
Cash to close$137,480$23,000$23,000