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$97,796$97,796$171,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$73,204$0
Funding fee$0$0$0
Note rate3.280%3.280%7.400%
Blended rate4.130%6.215%7.640%
1st payment$493.28$493.28$1,183.97
2nd payment$0.00$549.03$0.00
Taxes / mo$158.33$158.33$158.33
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$881.60$1,430.63$1,526.50
Cash to close$92,204$19,000$19,000