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$118,488$118,488$220,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$102,012$0
Funding fee$0$0$0
Note rate3.510%3.510%7.400%
Blended rate4.360%6.044%7.640%
1st payment$617.60$617.60$1,526.70
2nd payment$0.00$680.08$0.00
Taxes / mo$134.34$134.34$134.34
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$999.24$1,679.32$1,855.14
Cash to close$126,512$24,500$24,500