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$110,475$110,475$197,910
Remaining term (yrs)19.619.630.0
Secondary amount$0$87,435$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.466%7.640%
1st payment$652.56$652.56$1,370.29
2nd payment$0.00$655.77$0.00
Taxes / mo$224.17$224.17$224.17
Insurance / mo$150.00$150.00$150.00
MI / mo$101.54$101.54$39.58
HOA / mo$215.00$215.00$215.00
Total monthly$1,343.27$1,999.04$1,999.04
Cash to close$109,425$21,990$21,990