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$96,418$96,418$121,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$25,082$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%5.365%7.560%
1st payment$511.47$511.47$834.62
2nd payment$0.00$188.11$0.00
Taxes / mo$86.50$86.50$86.50
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$24.30
HOA / mo$244.00$244.00$244.00
Total monthly$1,071.95$1,260.07$1,339.42
Cash to close$38,582$13,500$13,500