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$107,967$107,967$215,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$107,133$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.997%7.640%
1st payment$536.56$536.56$1,489.31
2nd payment$0.00$714.22$0.00
Taxes / mo$95.65$95.65$95.65
Insurance / mo$150.00$150.00$150.00
MI / mo$88.33$88.33$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$870.54$1,584.76$1,777.98
Cash to close$131,033$23,900$23,900