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$76,310$76,310$224,910
Remaining term (yrs)16.216.230.0
Secondary amount$0$148,600$0
Funding fee$0$0$0
Note rate3.320%3.320%7.400%
Blended rate4.170%6.701%7.640%
1st payment$504.92$504.92$1,557.23
2nd payment$0.00$990.67$0.00
Taxes / mo$231.92$231.92$231.92
Insurance / mo$150.00$150.00$150.00
MI / mo$81.46$81.46$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$968.29$1,958.96$1,984.13
Cash to close$173,590$24,990$24,990