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$100,319$100,319$229,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$129,181$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.619%7.640%
1st payment$558.45$558.45$1,589.01
2nd payment$0.00$861.21$0.00
Taxes / mo$238.83$238.83$238.83
Insurance / mo$150.00$150.00$150.00
MI / mo$82.96$82.96$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,030.25$1,891.45$2,023.74
Cash to close$154,681$25,500$25,500