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$129,365$129,365$224,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$95,545$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.440%7.640%
1st payment$688.92$688.92$1,557.23
2nd payment$0.00$716.59$0.00
Taxes / mo$437.88$437.88$437.88
Insurance / mo$150.00$150.00$150.00
MI / mo$106.02$106.02$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,382.83$2,099.41$2,190.10
Cash to close$120,535$24,990$24,990