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$96,949$96,949$206,910
Remaining term (yrs)21.321.330.0
Secondary amount$0$109,961$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.501%7.640%
1st payment$559.61$559.61$1,432.60
2nd payment$0.00$733.07$0.00
Taxes / mo$46.44$46.44$46.44
Insurance / mo$150.00$150.00$150.00
MI / mo$83.53$83.53$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$839.59$1,572.66$1,670.43
Cash to close$132,951$22,990$22,990