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$100,910$100,910$179,910
Remaining term (yrs)21.121.130.0
Secondary amount$0$79,000$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.616%7.560%
1st payment$582.71$582.71$1,235.86
2nd payment$0.00$592.50$0.00
Taxes / mo$315.67$315.67$315.67
Insurance / mo$150.00$150.00$150.00
MI / mo$87.51$87.51$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,135.88$1,728.38$1,737.51
Cash to close$98,990$19,990$19,990