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$83,114$83,114$193,410
Remaining term (yrs)19.819.830.0
Secondary amount$0$110,296$0
Funding fee$0$0$0
Note rate3.410%3.410%7.320%
Blended rate4.260%6.393%7.560%
1st payment$479.59$479.59$1,328.59
2nd payment$0.00$735.31$0.00
Taxes / mo$98.17$98.17$98.17
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$804.26$1,539.57$1,615.44
Cash to close$131,786$21,490$21,490