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$105,328$105,328$215,910
Remaining term (yrs)18.618.630.0
Secondary amount$0$110,582$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.341%7.640%
1st payment$652.53$652.53$1,494.92
2nd payment$0.00$737.21$0.00
Taxes / mo$234.00$234.00$234.00
Insurance / mo$150.00$150.00$150.00
MI / mo$99.80$99.80$43.18
HOA / mo$315.00$315.00$315.00
Total monthly$1,451.33$2,188.55$2,237.10
Cash to close$134,572$23,990$23,990