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$111,322$111,322$197,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$86,588$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.362%7.640%
1st payment$643.34$643.34$1,370.29
2nd payment$0.00$649.41$0.00
Taxes / mo$229.58$229.58$229.58
Insurance / mo$150.00$150.00$150.00
MI / mo$101.99$101.99$39.58
HOA / mo$225.00$225.00$225.00
Total monthly$1,349.91$1,999.32$2,014.45
Cash to close$108,578$21,990$21,990