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$67,000$67,000$224,910
Remaining term (yrs)15.015.030.0
Secondary amount$0$157,910$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%7.044%7.640%
1st payment$489.60$489.60$1,557.23
2nd payment$0.00$1,052.73$0.00
Taxes / mo$141.00$141.00$141.00
Insurance / mo$150.00$150.00$150.00
MI / mo$73.17$73.17$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$853.77$1,906.50$1,893.21
Cash to close$182,900$24,990$24,990