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$63,052$63,052$134,910
Remaining term (yrs)19.219.230.0
Secondary amount$0$71,858$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%7.000%7.560%
1st payment$386.43$386.43$926.74
2nd payment$0.00$538.94$0.00
Taxes / mo$125.42$125.42$125.42
Insurance / mo$150.00$150.00$150.00
MI / mo$58.24$58.24$26.98
HOA / mo$402.00$402.00$402.00
Total monthly$1,122.09$1,661.02$1,631.14
Cash to close$86,848$14,990$14,990