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$101,115$101,115$162,539
Remaining term (yrs)23.923.930.0
Secondary amount$0$61,424$0
Funding fee$0$0$0
Note rate3.030%3.030%7.320%
Blended rate3.880%5.815%7.560%
1st payment$494.51$494.51$1,116.53
2nd payment$0.00$460.68$0.00
Taxes / mo$214.08$214.08$214.08
Insurance / mo$150.00$150.00$150.00
MI / mo$82.76$82.76$32.51
HOA / mo$0.00$0.00$0.00
Total monthly$941.36$1,402.04$1,513.12
Cash to close$79,484$18,060$18,060