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$85,112$85,112$232,110
Remaining term (yrs)21.021.030.0
Secondary amount$0$146,998$0
Funding fee$0$0$0
Note rate3.830%3.830%7.320%
Blended rate4.680%6.783%7.560%
1st payment$489.57$489.57$1,594.43
2nd payment$0.00$979.99$0.00
Taxes / mo$164.75$164.75$164.75
Insurance / mo$150.00$150.00$150.00
MI / mo$74.15$74.15$46.42
HOA / mo$0.00$0.00$0.00
Total monthly$878.47$1,858.46$1,955.61
Cash to close$172,788$25,790$25,790