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$78,541$78,541$203,400
Remaining term (yrs)20.920.930.0
Secondary amount$0$124,859$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%6.768%7.640%
1st payment$459.50$459.50$1,408.30
2nd payment$0.00$832.40$0.00
Taxes / mo$65.08$65.08$65.08
Insurance / mo$150.00$150.00$150.00
MI / mo$68.51$68.51$40.68
HOA / mo$0.00$0.00$0.00
Total monthly$743.09$1,575.49$1,664.06
Cash to close$147,459$22,600$22,600