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$129,598$129,598$179,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$49,502$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.346%7.560%
1st payment$615.92$615.92$1,230.29
2nd payment$0.00$371.26$0.00
Taxes / mo$201.00$201.00$201.00
Insurance / mo$150.00$150.00$150.00
MI / mo$102.17$102.17$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,069.09$1,440.35$1,617.11
Cash to close$69,402$19,900$19,900