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$119,040$119,040$139,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$28,210$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.444%7.560%
1st payment$563.87$563.87$958.27
2nd payment$0.00$279.16$0.00
Taxes / mo$189.59$189.59$189.59
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$27.90
HOA / mo$0.00$0.00$0.00
Total monthly$997.35$1,276.51$1,325.76
Cash to close$35,960$7,750$15,500