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$89,150$89,150$179,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$90,760$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.755%7.640%
1st payment$469.89$469.89$1,245.66
2nd payment$0.00$680.70$0.00
Taxes / mo$106.33$106.33$106.33
Insurance / mo$150.00$150.00$150.00
MI / mo$73.03$73.03$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$799.25$1,479.95$1,537.98
Cash to close$110,750$19,990$19,990