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$84,709$84,709$233,100
Remaining term (yrs)20.820.830.0
Secondary amount$0$148,391$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.815%7.640%
1st payment$493.72$493.72$1,613.94
2nd payment$0.00$989.28$0.00
Taxes / mo$75.33$75.33$75.33
Insurance / mo$150.00$150.00$150.00
MI / mo$74.23$74.23$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$793.29$1,782.56$1,885.89
Cash to close$174,291$25,900$25,900