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$93,456$93,456$255,600
Remaining term (yrs)19.119.130.0
Secondary amount$0$162,144$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.761%7.640%
1st payment$569.10$569.10$1,769.72
2nd payment$0.00$1,080.96$0.00
Taxes / mo$140.17$140.17$140.17
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$51.12
HOA / mo$60.00$60.00$60.00
Total monthly$1,006.21$2,087.17$2,171.01
Cash to close$190,544$28,400$28,400