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$104,408$104,408$179,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$75,502$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%6.052%7.560%
1st payment$513.99$513.99$1,235.86
2nd payment$0.00$566.27$0.00
Taxes / mo$198.50$198.50$198.50
Insurance / mo$150.00$150.00$150.00
MI / mo$85.59$85.59$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$948.08$1,514.34$1,620.34
Cash to close$95,492$19,990$19,990