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$87,238$87,238$242,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$155,672$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.725%7.640%
1st payment$513.37$513.37$1,681.86
2nd payment$0.00$1,037.81$0.00
Taxes / mo$108.67$108.67$108.67
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$852.02$1,889.83$1,989.11
Cash to close$182,662$26,990$26,990