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$87,641$87,641$125,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$38,269$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%5.443%7.640%
1st payment$420.25$420.25$871.78
2nd payment$0.00$287.02$0.00
Taxes / mo$137.83$137.83$137.83
Insurance / mo$150.00$150.00$150.00
MI / mo$70.25$70.25$25.18
HOA / mo$0.00$0.00$0.00
Total monthly$778.33$1,065.34$1,184.79
Cash to close$52,259$13,990$13,990