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$106,513$106,513$220,410
Remaining term (yrs)19.919.930.0
Secondary amount$0$113,897$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.207%7.640%
1st payment$612.68$612.68$1,526.07
2nd payment$0.00$759.31$0.00
Taxes / mo$260.33$260.33$260.33
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$44.08
HOA / mo$349.00$349.00$349.00
Total monthly$1,469.38$2,228.70$2,329.49
Cash to close$138,387$24,490$24,490