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$127,701$127,701$202,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$74,799$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.759%7.640%
1st payment$621.75$621.75$1,402.07
2nd payment$0.00$560.99$0.00
Taxes / mo$226.67$226.67$226.67
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,102.74$1,663.73$1,819.24
Cash to close$97,299$22,500$22,500