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$108,966$108,966$225,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$116,034$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.232%7.560%
1st payment$661.14$661.14$1,545.59
2nd payment$0.00$773.56$0.00
Taxes / mo$203.33$203.33$203.33
Insurance / mo$150.00$150.00$150.00
MI / mo$104.29$104.29$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,118.76$1,892.32$1,943.93
Cash to close$141,034$25,000$25,000