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$123,111$123,111$211,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$88,389$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.363%7.560%
1st payment$648.89$648.89$1,452.86
2nd payment$0.00$662.92$0.00
Taxes / mo$82.41$82.41$82.41
Insurance / mo$150.00$150.00$150.00
MI / mo$100.85$100.85$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$982.15$1,645.06$1,727.57
Cash to close$111,889$23,500$23,500