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$118,987$118,987$218,700
Remaining term (yrs)20.820.830.0
Secondary amount$0$99,713$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.688%7.640%
1st payment$694.14$694.14$1,514.23
2nd payment$0.00$747.85$0.00
Taxes / mo$191.87$191.87$191.87
Insurance / mo$150.00$150.00$150.00
MI / mo$104.24$104.24$43.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,140.24$1,888.09$1,899.84
Cash to close$124,013$24,300$24,300