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$93,136$93,136$130,410
Remaining term (yrs)18.418.430.0
Secondary amount$0$37,274$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%5.829%7.640%
1st payment$578.66$578.66$902.93
2nd payment$0.00$279.55$0.00
Taxes / mo$174.83$174.83$174.83
Insurance / mo$150.00$150.00$150.00
MI / mo$88.94$88.94$26.08
HOA / mo$0.00$0.00$0.00
Total monthly$992.43$1,271.99$1,253.85
Cash to close$51,764$14,490$14,490