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$93,250$93,250$179,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$86,660$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.585%7.560%
1st payment$483.95$483.95$1,235.86
2nd payment$0.00$649.95$0.00
Taxes / mo$83.67$83.67$83.67
Insurance / mo$150.00$150.00$150.00
MI / mo$76.43$76.43$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$794.05$1,444.01$1,505.51
Cash to close$106,650$19,990$19,990