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$76,312$76,312$216,000
Remaining term (yrs)18.218.230.0
Secondary amount$0$139,688$0
Funding fee$0$0$0
Note rate3.990%3.990%7.240%
Blended rate4.840%6.884%7.480%
1st payment$491.14$491.14$1,472.04
2nd payment$0.00$931.26$0.00
Taxes / mo$103.50$103.50$103.50
Insurance / mo$150.00$150.00$150.00
MI / mo$72.96$72.96$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$817.60$1,748.85$1,768.74
Cash to close$163,688$24,000$24,000