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$96,830$96,830$161,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$64,270$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.355%7.560%
1st payment$522.94$522.94$1,106.65
2nd payment$0.00$482.03$0.00
Taxes / mo$149.17$149.17$149.17
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$32.22
HOA / mo$0.00$0.00$0.00
Total monthly$902.09$1,384.11$1,438.03
Cash to close$82,170$17,900$17,900