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$116,756$116,756$211,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$94,744$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.571%7.640%
1st payment$633.44$633.44$1,464.38
2nd payment$0.00$710.58$0.00
Taxes / mo$126.07$126.07$126.07
Insurance / mo$150.00$150.00$150.00
MI / mo$96.88$96.88$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,006.39$1,716.97$1,782.75
Cash to close$118,244$23,500$23,500