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$104,541$104,541$134,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$30,369$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.048%7.560%
1st payment$504.11$504.11$926.74
2nd payment$0.00$227.77$0.00
Taxes / mo$145.08$145.08$145.08
Insurance / mo$150.00$150.00$150.00
MI / mo$84.16$84.16$26.98
HOA / mo$155.00$155.00$155.00
Total monthly$1,038.35$1,266.12$1,403.80
Cash to close$45,359$14,990$14,990