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$108,479$108,479$189,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$80,521$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%6.096%7.560%
1st payment$524.17$524.17$1,298.30
2nd payment$0.00$603.91$0.00
Taxes / mo$232.83$232.83$232.83
Insurance / mo$150.00$150.00$150.00
MI / mo$87.06$87.06$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$994.06$1,597.97$1,718.93
Cash to close$101,521$21,000$21,000