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$101,554$101,554$152,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$51,356$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.224%7.640%
1st payment$593.18$593.18$1,058.72
2nd payment$0.00$385.17$0.00
Taxes / mo$187.83$187.83$187.83
Insurance / mo$150.00$150.00$150.00
MI / mo$88.33$88.33$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,019.34$1,404.51$1,427.13
Cash to close$68,346$16,990$16,990