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$131,602$131,602$232,110
Remaining term (yrs)23.423.430.0
Secondary amount$0$100,508$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.999%7.640%
1st payment$693.65$693.65$1,607.08
2nd payment$0.00$670.05$0.00
Taxes / mo$78.05$78.05$78.05
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$46.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,029.49$1,699.55$1,881.55
Cash to close$126,298$25,790$25,790