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$55,996$55,996$151,110
Remaining term (yrs)16.416.430.0
Secondary amount$0$95,114$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%7.288%7.640%
1st payment$372.14$372.14$1,046.26
2nd payment$0.00$713.35$0.00
Taxes / mo$121.92$121.92$121.92
Insurance / mo$150.00$150.00$150.00
MI / mo$58.48$58.48$30.22
HOA / mo$260.00$260.00$260.00
Total monthly$962.54$1,675.90$1,608.39
Cash to close$111,904$16,790$16,790