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$103,811$103,811$170,910
Remaining term (yrs)21.221.230.0
Secondary amount$0$67,099$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.431%7.640%
1st payment$599.06$599.06$1,183.35
2nd payment$0.00$503.24$0.00
Taxes / mo$91.42$91.42$91.42
Insurance / mo$150.00$150.00$150.00
MI / mo$89.75$89.75$34.18
HOA / mo$611.00$611.00$611.00
Total monthly$1,541.22$2,044.46$2,069.94
Cash to close$86,089$18,990$18,990