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$81,315$81,315$175,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$94,185$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%6.637%7.640%
1st payment$384.32$384.32$1,215.13
2nd payment$0.00$706.39$0.00
Taxes / mo$16.42$16.42$16.42
Insurance / mo$150.00$150.00$150.00
MI / mo$64.16$64.16$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$614.90$1,321.28$1,416.64
Cash to close$113,685$19,500$19,500