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$100,367$100,367$202,410
Remaining term (yrs)20.020.030.0
Secondary amount$0$102,043$0
Funding fee$0$0$0
Note rate3.460%3.460%7.320%
Blended rate4.310%6.170%7.560%
1st payment$576.70$576.70$1,390.42
2nd payment$0.00$680.29$0.00
Taxes / mo$302.50$302.50$302.50
Insurance / mo$150.00$150.00$150.00
MI / mo$91.42$91.42$40.48
HOA / mo$300.00$300.00$300.00
Total monthly$1,420.62$2,100.91$2,183.40
Cash to close$124,533$22,490$22,490