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$65,978$65,978$193,499
Remaining term (yrs)17.917.930.0
Secondary amount$0$127,521$0
Funding fee$0$0$0
Note rate1.670%1.670%7.400%
Blended rate2.520%6.131%7.640%
1st payment$353.87$353.87$1,339.75
2nd payment$0.00$850.14$0.00
Taxes / mo$448.58$448.58$448.58
Insurance / mo$150.00$150.00$150.00
MI / mo$70.94$70.94$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,023.40$1,873.54$1,977.03
Cash to close$149,021$21,500$21,500