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$82,547$82,547$211,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$128,953$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.552%7.640%
1st payment$474.82$474.82$1,464.38
2nd payment$0.00$859.69$0.00
Taxes / mo$96.67$96.67$96.67
Insurance / mo$150.00$150.00$150.00
MI / mo$75.46$75.46$42.30
HOA / mo$110.00$110.00$110.00
Total monthly$906.95$1,766.64$1,863.35
Cash to close$152,453$23,500$23,500