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$115,210$115,210$202,050
Remaining term (yrs)23.523.530.0
Secondary amount$0$86,840$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.434%7.640%
1st payment$606.38$606.38$1,398.95
2nd payment$0.00$651.30$0.00
Taxes / mo$121.42$121.42$121.42
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$40.41
HOA / mo$0.00$0.00$0.00
Total monthly$971.69$1,622.99$1,710.78
Cash to close$109,290$22,450$22,450