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$86,557$86,557$215,910
Remaining term (yrs)16.716.730.0
Secondary amount$0$129,353$0
Funding fee$0$0$0
Note rate3.540%3.540%7.320%
Blended rate4.390%6.553%7.560%
1st payment$569.39$569.39$1,483.15
2nd payment$0.00$862.35$0.00
Taxes / mo$126.83$126.83$126.83
Insurance / mo$150.00$150.00$150.00
MI / mo$89.37$89.37$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$935.59$1,797.95$1,803.17
Cash to close$153,343$23,990$23,990