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$87,209$87,209$148,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$61,291$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.528%7.640%
1st payment$511.91$511.91$1,028.18
2nd payment$0.00$459.69$0.00
Taxes / mo$205.58$205.58$205.58
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$944.00$1,403.69$1,413.47
Cash to close$77,791$16,500$16,500