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$103,856$103,856$171,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$67,144$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.407%7.560%
1st payment$600.13$600.13$1,174.65
2nd payment$0.00$503.58$0.00
Taxes / mo$233.50$233.50$233.50
Insurance / mo$150.00$150.00$150.00
MI / mo$90.35$90.35$34.20
HOA / mo$425.00$425.00$425.00
Total monthly$1,498.98$2,002.56$2,017.35
Cash to close$86,144$19,000$19,000