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$96,639$96,639$116,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$26,766$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%6.021%7.560%
1st payment$480.47$480.47$803.09
2nd payment$0.00$264.87$0.00
Taxes / mo$125.77$125.77$125.77
Insurance / mo$150.00$150.00$150.00
MI / mo$75.32$75.32$23.38
HOA / mo$0.00$0.00$0.00
Total monthly$831.56$1,096.43$1,102.24
Cash to close$33,261$6,495$12,990