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$118,299$118,299$211,410
Remaining term (yrs)21.021.030.0
Secondary amount$0$93,111$0
Funding fee$0$0$0
Note rate3.830%3.830%7.400%
Blended rate4.680%6.583%7.640%
1st payment$680.46$680.46$1,463.76
2nd payment$0.00$698.33$0.00
Taxes / mo$146.48$146.48$146.48
Insurance / mo$150.00$150.00$150.00
MI / mo$103.06$103.06$42.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,080.01$1,778.35$1,802.53
Cash to close$116,601$23,490$23,490