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$111,450$111,450$197,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$86,460$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%6.365%7.640%
1st payment$639.13$639.13$1,370.29
2nd payment$0.00$648.45$0.00
Taxes / mo$201.14$201.14$201.14
Insurance / mo$150.00$150.00$150.00
MI / mo$101.20$101.20$39.58
HOA / mo$320.00$320.00$320.00
Total monthly$1,411.46$2,059.91$2,081.01
Cash to close$108,450$21,990$21,990