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$107,549$107,549$229,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$121,861$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.265%7.640%
1st payment$553.36$553.36$1,588.39
2nd payment$0.00$812.41$0.00
Taxes / mo$110.67$110.67$110.67
Insurance / mo$150.00$150.00$150.00
MI / mo$87.83$87.83$45.88
HOA / mo$478.00$478.00$478.00
Total monthly$1,379.86$2,192.27$2,372.94
Cash to close$147,351$25,490$25,490