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$81,775$81,775$206,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$125,135$0
Funding fee$0$0$0
Note rate3.630%3.630%7.400%
Blended rate4.480%6.609%7.640%
1st payment$506.31$506.31$1,432.60
2nd payment$0.00$834.24$0.00
Taxes / mo$146.50$146.50$146.50
Insurance / mo$150.00$150.00$150.00
MI / mo$78.59$78.59$41.38
HOA / mo$145.00$145.00$145.00
Total monthly$1,026.41$1,860.64$1,915.49
Cash to close$148,125$22,990$22,990