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$121,686$121,686$153,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$31,314$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.960%7.640%
1st payment$576.40$576.40$1,059.34
2nd payment$0.00$234.86$0.00
Taxes / mo$73.08$73.08$73.08
Insurance / mo$150.00$150.00$150.00
MI / mo$95.98$95.98$30.60
HOA / mo$0.00$0.00$0.00
Total monthly$895.46$1,130.32$1,313.02
Cash to close$48,314$17,000$17,000