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$85,035$85,035$229,500
Remaining term (yrs)18.218.230.0
Secondary amount$0$144,465$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%6.792%7.560%
1st payment$541.19$541.19$1,576.51
2nd payment$0.00$963.10$0.00
Taxes / mo$175.08$175.08$175.08
Insurance / mo$150.00$150.00$150.00
MI / mo$81.37$81.37$45.90
HOA / mo$35.00$35.00$35.00
Total monthly$982.65$1,945.75$1,982.49
Cash to close$169,965$25,500$25,500