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$99,751$99,751$225,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$125,249$0
Funding fee$0$0$0
Note rate3.520%3.520%7.320%
Blended rate4.370%6.391%7.560%
1st payment$574.61$574.61$1,545.59
2nd payment$0.00$835.00$0.00
Taxes / mo$516.00$516.00$516.00
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,331.02$2,166.02$2,256.59
Cash to close$150,249$25,000$25,000