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$92,844$92,844$179,910
Remaining term (yrs)18.918.930.0
Secondary amount$0$87,066$0
Funding fee$0$0$0
Note rate3.980%3.980%7.320%
Blended rate4.830%6.848%7.560%
1st payment$581.04$581.04$1,235.86
2nd payment$0.00$653.00$0.00
Taxes / mo$93.08$93.08$93.08
Insurance / mo$150.00$150.00$150.00
MI / mo$86.42$86.42$35.98
HOA / mo$51.00$51.00$51.00
Total monthly$961.54$1,614.54$1,565.92
Cash to close$107,056$19,990$19,990