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$90,044$90,044$204,300
Remaining term (yrs)19.619.630.0
Secondary amount$0$114,256$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.440%7.640%
1st payment$531.88$531.88$1,414.53
2nd payment$0.00$761.70$0.00
Taxes / mo$189.17$189.17$189.17
Insurance / mo$150.00$150.00$150.00
MI / mo$82.76$82.76$40.86
HOA / mo$0.00$0.00$0.00
Total monthly$953.81$1,715.52$1,794.56
Cash to close$136,956$22,700$22,700