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$109,634$109,634$134,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$25,276$0
Funding fee$0$0$0
Note rate3.180%3.180%7.320%
Blended rate4.030%4.961%7.560%
1st payment$533.73$533.73$926.74
2nd payment$0.00$189.57$0.00
Taxes / mo$171.67$171.67$171.67
Insurance / mo$150.00$150.00$150.00
MI / mo$87.64$87.64$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$943.04$1,132.61$1,275.39
Cash to close$40,266$14,990$14,990