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$30,816$30,816$117,000
Remaining term (yrs)7.67.630.0
Secondary amount$0$86,184$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%7.812%7.640%
1st payment$380.79$380.79$810.08
2nd payment$0.00$646.38$0.00
Taxes / mo$108.33$108.33$108.33
Insurance / mo$150.00$150.00$150.00
MI / mo$37.37$37.37$23.40
HOA / mo$0.00$0.00$0.00
Total monthly$676.49$1,322.87$1,091.82
Cash to close$99,184$13,000$13,000