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$94,426$94,426$175,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$81,074$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.557%7.640%
1st payment$500.60$500.60$1,215.13
2nd payment$0.00$608.05$0.00
Taxes / mo$154.17$154.17$154.17
Insurance / mo$150.00$150.00$150.00
MI / mo$77.90$77.90$35.10
HOA / mo$409.00$409.00$409.00
Total monthly$1,291.67$1,899.72$1,963.40
Cash to close$100,574$19,500$19,500