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$97,190$97,190$191,610
Remaining term (yrs)24.724.730.0
Secondary amount$0$94,420$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%6.418%7.640%
1st payment$466.00$466.00$1,326.67
2nd payment$0.00$708.15$0.00
Taxes / mo$377.85$377.85$377.85
Insurance / mo$150.00$150.00$150.00
MI / mo$77.69$77.69$38.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,071.54$1,779.69$1,892.84
Cash to close$115,710$21,290$21,290