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$117,322$117,322$229,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$112,088$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.159%7.640%
1st payment$621.12$621.12$1,588.39
2nd payment$0.00$747.25$0.00
Taxes / mo$146.58$146.58$146.58
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,015.07$1,762.32$1,930.85
Cash to close$137,578$25,490$25,490