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$75,684$75,684$265,500
Remaining term (yrs)15.315.330.0
Secondary amount$0$189,816$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%7.099%7.640%
1st payment$548.40$548.40$1,838.27
2nd payment$0.00$1,265.44$0.00
Taxes / mo$134.33$134.33$134.33
Insurance / mo$150.00$150.00$150.00
MI / mo$81.46$81.46$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$914.20$2,179.64$2,175.70
Cash to close$219,316$29,500$29,500