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$129,346$129,346$198,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$68,654$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.649%7.560%
1st payment$631.91$631.91$1,360.12
2nd payment$0.00$514.90$0.00
Taxes / mo$184.42$184.42$184.42
Insurance / mo$150.00$150.00$150.00
MI / mo$105.90$105.90$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,072.22$1,587.13$1,734.14
Cash to close$90,654$22,000$22,000