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$94,857$94,857$176,310
Remaining term (yrs)25.125.130.0
Secondary amount$0$81,453$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%6.278%7.640%
1st payment$451.29$451.29$1,220.73
2nd payment$0.00$610.90$0.00
Taxes / mo$75.75$75.75$75.75
Insurance / mo$150.00$150.00$150.00
MI / mo$74.96$74.96$35.26
HOA / mo$0.00$0.00$0.00
Total monthly$752.00$1,362.90$1,481.75
Cash to close$101,043$19,590$19,590