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$87,963$87,963$108,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$26,037$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.177%7.640%
1st payment$466.67$466.67$747.77
2nd payment$0.00$257.66$0.00
Taxes / mo$140.50$140.50$140.50
Insurance / mo$150.00$150.00$150.00
MI / mo$72.35$72.35$21.60
HOA / mo$0.00$0.00$0.00
Total monthly$829.52$1,087.18$1,059.87
Cash to close$32,037$6,000$12,000