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$105,439$105,439$130,410
Remaining term (yrs)23.023.030.0
Secondary amount$0$32,216$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.287%7.640%
1st payment$567.01$567.01$902.93
2nd payment$0.00$318.80$0.00
Taxes / mo$189.17$189.17$189.17
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$26.08
HOA / mo$0.00$0.00$0.00
Total monthly$993.12$1,311.92$1,268.18
Cash to close$39,461$7,245$14,490