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$81,574$81,574$283,500
Remaining term (yrs)15.715.730.0
Secondary amount$0$201,926$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.844%7.560%
1st payment$569.98$569.98$1,947.45
2nd payment$0.00$1,304.11$0.00
Taxes / mo$151.58$151.58$151.58
Insurance / mo$150.00$150.00$150.00
MI / mo$87.18$87.18$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$958.75$2,262.85$2,305.73
Cash to close$233,426$31,500$31,500