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$56,119$56,119$166,410
Remaining term (yrs)20.020.030.0
Secondary amount$0$110,291$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.756%7.640%
1st payment$322.46$322.46$1,152.19
2nd payment$0.00$735.27$0.00
Taxes / mo$125.33$125.33$125.33
Insurance / mo$150.00$150.00$150.00
MI / mo$51.12$51.12$33.28
HOA / mo$0.00$0.00$0.00
Total monthly$648.91$1,384.18$1,460.80
Cash to close$128,781$18,490$18,490