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$115,829$115,829$261,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$145,171$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.380%7.560%
1st payment$705.00$705.00$1,792.89
2nd payment$0.00$967.81$0.00
Taxes / mo$391.92$391.92$391.92
Insurance / mo$150.00$150.00$150.00
MI / mo$111.21$111.21$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,358.13$2,325.93$2,387.01
Cash to close$174,171$29,000$29,000