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$117,361$117,361$225,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$107,639$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%6.310%7.560%
1st payment$719.64$719.64$1,545.59
2nd payment$0.00$717.60$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.94$107.94$45.00
HOA / mo$538.00$538.00$538.00
Total monthly$1,723.91$2,441.51$2,486.93
Cash to close$132,639$25,000$25,000