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$93,431$93,431$224,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$130,669$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%6.407%7.560%
1st payment$474.81$474.81$1,539.41
2nd payment$0.00$871.13$0.00
Taxes / mo$167.00$167.00$167.00
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$868.31$1,739.44$1,901.23
Cash to close$155,569$24,900$24,900