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$96,824$96,824$152,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$56,086$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%6.151%7.560%
1st payment$516.55$516.55$1,050.39
2nd payment$0.00$420.64$0.00
Taxes / mo$102.94$102.94$102.94
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$30.58
HOA / mo$65.00$65.00$65.00
Total monthly$914.47$1,335.12$1,398.91
Cash to close$73,076$16,990$16,990