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$107,881$107,881$139,500
Remaining term (yrs)21.321.330.0
Secondary amount$0$31,619$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%5.543%7.640%
1st payment$607.30$607.30$965.87
2nd payment$0.00$237.15$0.00
Taxes / mo$129.17$129.17$129.17
Insurance / mo$150.00$150.00$150.00
MI / mo$90.14$90.14$27.90
HOA / mo$0.00$0.00$0.00
Total monthly$976.61$1,213.75$1,272.94
Cash to close$47,119$15,500$15,500