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$92,543$92,543$215,100
Remaining term (yrs)21.121.130.0
Secondary amount$0$122,557$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.602%7.560%
1st payment$534.39$534.39$1,477.59
2nd payment$0.00$817.05$0.00
Taxes / mo$105.71$105.71$105.71
Insurance / mo$150.00$150.00$150.00
MI / mo$80.25$80.25$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$870.35$1,687.40$1,776.32
Cash to close$146,457$23,900$23,900