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$102,115$102,115$161,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$59,795$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%6.181%7.640%
1st payment$608.63$608.63$1,121.03
2nd payment$0.00$448.46$0.00
Taxes / mo$278.83$278.83$278.83
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,131.35$1,579.81$1,582.25
Cash to close$77,785$17,990$17,990