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$93,704$93,704$283,410
Remaining term (yrs)19.219.230.0
Secondary amount$0$189,706$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.949%7.640%
1st payment$579.17$579.17$1,962.27
2nd payment$0.00$1,264.71$0.00
Taxes / mo$113.17$113.17$113.17
Insurance / mo$150.00$150.00$150.00
MI / mo$86.24$86.24$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$928.58$2,193.29$2,282.12
Cash to close$221,196$31,490$31,490