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$86,217$86,217$224,910
Remaining term (yrs)21.021.030.0
Secondary amount$0$138,693$0
Funding fee$0$0$0
Note rate3.830%3.830%7.400%
Blended rate4.680%6.727%7.640%
1st payment$495.93$495.93$1,557.23
2nd payment$0.00$924.62$0.00
Taxes / mo$146.50$146.50$146.50
Insurance / mo$150.00$150.00$150.00
MI / mo$75.11$75.11$44.98
HOA / mo$35.00$35.00$35.00
Total monthly$902.54$1,827.16$1,933.71
Cash to close$163,683$24,990$24,990