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$103,543$103,543$241,999
Remaining term (yrs)19.919.930.0
Secondary amount$0$138,456$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.421%7.640%
1st payment$596.66$596.66$1,675.55
2nd payment$0.00$923.04$0.00
Taxes / mo$93.08$93.08$93.08
Insurance / mo$150.00$150.00$150.00
MI / mo$94.59$94.59$48.40
HOA / mo$0.00$0.00$0.00
Total monthly$934.33$1,857.37$1,967.04
Cash to close$165,345$26,889$26,889