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$93,875$93,875$189,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$95,125$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%6.765%7.560%
1st payment$494.09$494.09$1,298.30
2nd payment$0.00$713.44$0.00
Taxes / mo$180.00$180.00$180.00
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$900.59$1,614.03$1,666.10
Cash to close$116,125$21,000$21,000