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$113,002$113,002$202,410
Remaining term (yrs)19.719.730.0
Secondary amount$0$89,408$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.460%7.560%
1st payment$664.99$664.99$1,390.42
2nd payment$0.00$670.56$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$150.00$150.00$150.00
MI / mo$103.60$103.60$40.48
HOA / mo$390.00$390.00$390.00
Total monthly$1,512.76$2,183.32$2,175.06
Cash to close$111,898$22,490$22,490