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$114,599$114,599$195,300
Remaining term (yrs)23.023.030.0
Secondary amount$0$80,701$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%6.266%7.640%
1st payment$601.65$601.65$1,352.22
2nd payment$0.00$605.26$0.00
Taxes / mo$161.83$161.83$161.83
Insurance / mo$150.00$150.00$150.00
MI / mo$95.02$95.02$39.06
HOA / mo$341.00$341.00$341.00
Total monthly$1,349.51$1,954.77$2,044.11
Cash to close$102,401$21,700$21,700