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$94,685$94,685$176,310
Remaining term (yrs)20.920.930.0
Secondary amount$0$81,625$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.712%7.640%
1st payment$550.45$550.45$1,220.73
2nd payment$0.00$612.18$0.00
Taxes / mo$79.77$79.77$79.77
Insurance / mo$150.00$150.00$150.00
MI / mo$82.76$82.76$35.26
HOA / mo$19.83$19.83$19.83
Total monthly$882.81$1,495.00$1,505.60
Cash to close$101,215$19,590$19,590