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$117,651$117,651$206,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$88,449$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.386%7.640%
1st payment$622.66$622.66$1,426.99
2nd payment$0.00$663.37$0.00
Taxes / mo$165.33$165.33$165.33
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,035.36$1,698.73$1,783.55
Cash to close$111,349$22,900$22,900