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$101,565$101,565$193,410
Remaining term (yrs)19.319.330.0
Secondary amount$0$91,845$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.805%7.640%
1st payment$625.97$625.97$1,339.13
2nd payment$0.00$688.84$0.00
Taxes / mo$215.00$215.00$215.00
Insurance / mo$150.00$150.00$150.00
MI / mo$93.21$93.21$38.68
HOA / mo$355.00$355.00$355.00
Total monthly$1,439.18$2,128.01$2,097.81
Cash to close$113,335$21,490$21,490