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$106,732$106,732$139,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$32,768$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%5.090%7.640%
1st payment$511.79$511.79$965.87
2nd payment$0.00$245.76$0.00
Taxes / mo$129.17$129.17$129.17
Insurance / mo$150.00$150.00$150.00
MI / mo$85.55$85.55$27.90
HOA / mo$0.00$0.00$0.00
Total monthly$876.50$1,122.27$1,272.94
Cash to close$48,268$15,500$15,500