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$109,317$109,317$202,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$93,183$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%6.236%7.640%
1st payment$534.62$534.62$1,402.07
2nd payment$0.00$698.87$0.00
Taxes / mo$179.00$179.00$179.00
Insurance / mo$150.00$150.00$150.00
MI / mo$89.48$89.48$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$953.10$1,651.98$1,771.57
Cash to close$115,683$22,500$22,500