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$101,610
Remaining term (yrs)——30.0
Secondary amount$0$101,610$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%8.000%7.560%
1st payment$0.00$0.00$697.99
2nd payment$0.00$677.40$0.00
Taxes / mo$121.50$121.50$121.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$20.32
HOA / mo$390.00$390.00$390.00
Total monthly$661.50$1,338.90$1,379.81
Cash to close$112,900$11,290$11,290