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$125,598$125,598$211,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$85,902$0
Funding fee$0$0$0
Note rate3.990%3.990%7.320%
Blended rate4.840%6.530%7.560%
1st payment$697.62$697.62$1,452.86
2nd payment$0.00$644.27$0.00
Taxes / mo$165.33$165.33$165.33
Insurance / mo$150.00$150.00$150.00
MI / mo$103.63$103.63$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,116.58$1,760.85$1,810.49
Cash to close$109,402$23,500$23,500