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$87,318$87,318$225,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$137,682$0
Funding fee$0$0$0
Note rate3.830%3.830%7.320%
Blended rate4.680%6.712%7.560%
1st payment$502.26$502.26$1,545.59
2nd payment$0.00$917.88$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$150.00$150.00$150.00
MI / mo$76.07$76.07$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$872.17$1,790.05$1,884.43
Cash to close$162,682$25,000$25,000