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$103,009$103,009$134,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$31,901$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%5.663%7.560%
1st payment$592.86$592.86$926.74
2nd payment$0.00$239.26$0.00
Taxes / mo$212.75$212.75$212.75
Insurance / mo$150.00$150.00$150.00
MI / mo$90.35$90.35$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,045.95$1,285.21$1,316.47
Cash to close$46,891$14,990$14,990