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$101,965$101,965$189,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$87,035$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%6.238%7.640%
1st payment$498.67$498.67$1,308.60
2nd payment$0.00$652.77$0.00
Taxes / mo$103.83$103.83$103.83
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$835.96$1,488.73$1,600.23
Cash to close$108,035$21,000$21,000