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$129,910$129,910$215,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$86,000$0
Funding fee$0$0$0
Note rate3.860%3.860%7.320%
Blended rate4.710%6.419%7.560%
1st payment$751.23$751.23$1,483.15
2nd payment$0.00$645.00$0.00
Taxes / mo$335.92$335.92$335.92
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,350.51$1,995.51$2,012.25
Cash to close$109,990$23,990$23,990