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$111,240$111,240$193,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$82,260$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.539%7.640%
1st payment$587.44$587.44$1,339.75
2nd payment$0.00$616.95$0.00
Taxes / mo$103.50$103.50$103.50
Insurance / mo$150.00$150.00$150.00
MI / mo$88.54$88.54$38.70
HOA / mo$564.00$564.00$564.00
Total monthly$1,493.48$2,110.43$2,195.95
Cash to close$103,760$21,500$21,500