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$74,687$74,687$174,600
Remaining term (yrs)15.515.530.0
Secondary amount$0$99,913$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%7.203%7.560%
1st payment$533.42$533.42$1,199.38
2nd payment$0.00$749.35$0.00
Taxes / mo$50.25$50.25$50.25
Insurance / mo$150.00$150.00$150.00
MI / mo$79.62$79.62$34.92
HOA / mo$0.00$0.00$0.00
Total monthly$813.30$1,562.65$1,434.55
Cash to close$119,313$19,400$19,400