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$101,057$101,057$213,750
Remaining term (yrs)16.516.530.0
Secondary amount$0$112,693$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%6.199%7.640%
1st payment$659.59$659.59$1,479.96
2nd payment$0.00$751.29$0.00
Taxes / mo$363.50$363.50$363.50
Insurance / mo$150.00$150.00$150.00
MI / mo$106.15$106.15$42.75
HOA / mo$0.00$0.00$0.00
Total monthly$1,279.24$2,030.52$2,036.21
Cash to close$136,443$23,750$23,750