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$61,231$61,231$225,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$163,769$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%7.121%7.560%
1st payment$436.39$436.39$1,545.59
2nd payment$0.00$1,091.80$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$150.00$150.00$150.00
MI / mo$65.38$65.38$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$732.44$1,824.23$1,821.26
Cash to close$188,769$25,000$25,000