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$103,973$103,973$184,410
Remaining term (yrs)24.524.530.0
Secondary amount$0$80,437$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%6.141%7.640%
1st payment$501.86$501.86$1,276.82
2nd payment$0.00$603.28$0.00
Taxes / mo$173.50$173.50$173.50
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$36.88
HOA / mo$0.00$0.00$0.00
Total monthly$908.82$1,512.09$1,637.20
Cash to close$100,927$20,490$20,490