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$97,938$97,938$197,100
Remaining term (yrs)19.419.430.0
Secondary amount$0$99,162$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.769%7.640%
1st payment$584.42$584.42$1,364.68
2nd payment$0.00$743.71$0.00
Taxes / mo$585.00$585.00$585.00
Insurance / mo$150.00$150.00$150.00
MI / mo$90.38$90.38$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,409.79$2,153.51$2,139.10
Cash to close$121,062$21,900$21,900