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$92,233$92,233$134,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$42,677$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%5.958%7.640%
1st payment$491.18$491.18$934.09
2nd payment$0.00$320.08$0.00
Taxes / mo$145.67$145.67$145.67
Insurance / mo$150.00$150.00$150.00
MI / mo$75.59$75.59$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$862.43$1,182.51$1,256.74
Cash to close$57,667$14,990$14,990