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$102,063$102,063$179,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$77,847$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.356%7.560%
1st payment$529.69$529.69$1,235.86
2nd payment$0.00$583.86$0.00
Taxes / mo$97.58$97.58$97.58
Insurance / mo$150.00$150.00$150.00
MI / mo$83.66$83.66$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$860.93$1,444.79$1,519.42
Cash to close$97,837$19,990$19,990