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$102,672$102,672$181,800
Remaining term (yrs)19.919.930.0
Secondary amount$0$79,128$0
Funding fee$0$0$0
Note rate3.430%3.430%7.320%
Blended rate4.280%6.334%7.560%
1st payment$590.06$590.06$1,248.84
2nd payment$0.00$593.46$0.00
Taxes / mo$145.17$145.17$145.17
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$36.36
HOA / mo$0.00$0.00$0.00
Total monthly$979.12$1,572.58$1,580.37
Cash to close$99,328$20,200$20,200