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$113,419$113,419$260,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$147,491$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.479%7.640%
1st payment$596.96$596.96$1,806.49
2nd payment$0.00$983.27$0.00
Taxes / mo$117.42$117.42$117.42
Insurance / mo$150.00$150.00$150.00
MI / mo$92.43$92.43$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$956.81$1,940.08$2,126.09
Cash to close$176,481$28,990$28,990