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$73,809$73,809$233,100
Remaining term (yrs)19.119.130.0
Secondary amount$0$159,291$0
Funding fee$0$0$0
Note rate3.820%3.820%7.320%
Blended rate4.670%6.946%7.560%
1st payment$451.75$451.75$1,601.24
2nd payment$0.00$1,061.94$0.00
Taxes / mo$66.92$66.92$66.92
Insurance / mo$150.00$150.00$150.00
MI / mo$68.51$68.51$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$737.18$1,799.12$1,864.77
Cash to close$185,191$25,900$25,900