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$107,889$107,889$220,455
Remaining term (yrs)23.923.930.0
Secondary amount$0$112,566$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.979%7.560%
1st payment$527.08$527.08$1,514.37
2nd payment$0.00$750.44$0.00
Taxes / mo$479.33$479.33$479.33
Insurance / mo$150.00$150.00$150.00
MI / mo$88.33$88.33$44.09
HOA / mo$0.00$0.00$0.00
Total monthly$1,244.74$1,995.19$2,187.80
Cash to close$137,061$24,495$24,495