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$107,998$107,998$243,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$135,002$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.556%7.560%
1st payment$625.22$625.22$1,669.24
2nd payment$0.00$900.01$0.00
Taxes / mo$88.75$88.75$88.75
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$957.86$1,857.87$1,956.59
Cash to close$162,002$27,000$27,000