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$114,212$114,212$188,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$74,698$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.183%7.560%
1st payment$599.62$599.62$1,297.68
2nd payment$0.00$560.24$0.00
Taxes / mo$103.92$103.92$103.92
Insurance / mo$150.00$150.00$150.00
MI / mo$94.70$94.70$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$948.24$1,508.48$1,589.38
Cash to close$95,688$20,990$20,990