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$117,664$117,664$170,774
Remaining term (yrs)25.125.130.0
Secondary amount$0$53,110$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.500%7.560%
1st payment$558.57$558.57$1,173.10
2nd payment$0.00$398.32$0.00
Taxes / mo$30.87$30.87$30.87
Insurance / mo$150.00$150.00$150.00
MI / mo$93.01$93.01$34.15
HOA / mo$0.00$0.00$0.00
Total monthly$832.45$1,230.77$1,388.13
Cash to close$72,085$18,975$18,975