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$101,679$101,679$207,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$105,321$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%6.320%7.560%
1st payment$544.33$544.33$1,421.95
2nd payment$0.00$702.14$0.00
Taxes / mo$161.08$161.08$161.08
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$938.88$1,641.02$1,774.43
Cash to close$128,321$23,000$23,000