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$80,898$80,898$287,910
Remaining term (yrs)16.616.630.0
Secondary amount$0$207,012$0
Funding fee$0$0$0
Note rate3.540%3.540%7.320%
Blended rate4.390%6.806%7.560%
1st payment$534.10$534.10$1,977.74
2nd payment$0.00$1,336.96$0.00
Taxes / mo$142.75$142.75$142.75
Insurance / mo$150.00$150.00$150.00
MI / mo$83.83$83.83$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$910.68$2,247.64$2,328.07
Cash to close$239,002$31,990$31,990