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$106,240$106,240$211,410
Remaining term (yrs)22.722.730.0
Secondary amount$0$105,170$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.412%7.640%
1st payment$591.42$591.42$1,463.76
2nd payment$0.00$701.13$0.00
Taxes / mo$125.92$125.92$125.92
Insurance / mo$150.00$150.00$150.00
MI / mo$87.85$87.85$42.28
HOA / mo$1.42$1.42$1.42
Total monthly$956.61$1,657.74$1,783.38
Cash to close$128,660$23,490$23,490