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$0$0$96,116
Remaining term (yrs)——30.0
Secondary amount$0$96,116$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%9.000%7.560%
1st payment$0.00$0.00$660.25
2nd payment$0.00$720.87$0.00
Taxes / mo$121.50$121.50$121.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$19.22
HOA / mo$390.00$390.00$390.00
Total monthly$661.50$1,382.37$1,340.97
Cash to close$106,795$10,680$10,680