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$105,426$105,426$162,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$56,574$0
Funding fee$0$0$0
Note rate3.930%3.930%7.400%
Blended rate4.780%6.254%7.640%
1st payment$613.55$613.55$1,121.66
2nd payment$0.00$424.31$0.00
Taxes / mo$188.33$188.33$188.33
Insurance / mo$150.00$150.00$150.00
MI / mo$91.81$91.81$32.40
HOA / mo$459.00$459.00$459.00
Total monthly$1,502.69$1,927.00$1,951.39
Cash to close$74,574$18,000$18,000