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$84,147$84,147$247,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$163,353$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%6.902%7.560%
1st payment$538.53$538.53$1,700.15
2nd payment$0.00$1,089.02$0.00
Taxes / mo$172.25$172.25$172.25
Insurance / mo$150.00$150.00$150.00
MI / mo$80.68$80.68$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$941.45$2,030.47$2,071.90
Cash to close$190,853$27,500$27,500