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$100,970$100,970$197,910
Remaining term (yrs)18.618.630.0
Secondary amount$0$96,940$0
Funding fee$0$0$0
Note rate3.670%3.670%7.320%
Blended rate4.520%6.714%7.560%
1st payment$621.39$621.39$1,359.50
2nd payment$0.00$727.05$0.00
Taxes / mo$164.75$164.75$164.75
Insurance / mo$150.00$150.00$150.00
MI / mo$95.98$95.98$39.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,032.12$1,759.16$1,713.84
Cash to close$118,930$21,990$21,990