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$74,917$74,917$225,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$150,083$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.815%7.640%
1st payment$511.53$511.53$1,557.85
2nd payment$0.00$1,000.55$0.00
Taxes / mo$24.08$24.08$24.08
Insurance / mo$150.00$150.00$150.00
MI / mo$79.79$79.79$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$765.40$1,765.95$1,776.94
Cash to close$175,083$25,000$25,000