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$61,079$61,079$206,910
Remaining term (yrs)18.118.130.0
Secondary amount$0$145,831$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%7.047%7.640%
1st payment$390.89$390.89$1,432.60
2nd payment$0.00$972.20$0.00
Taxes / mo$147.42$147.42$147.42
Insurance / mo$150.00$150.00$150.00
MI / mo$58.56$58.56$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$746.87$1,719.08$1,771.40
Cash to close$168,821$22,990$22,990