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$11,039$11,039$103,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$92,461$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%8.546%7.640%
1st payment$61.28$61.28$716.61
2nd payment$0.00$693.45$0.00
Taxes / mo$49.92$49.92$49.92
Insurance / mo$150.00$150.00$150.00
MI / mo$8.70$8.70$20.70
HOA / mo$0.00$0.00$0.00
Total monthly$269.89$963.35$937.23
Cash to close$103,961$11,500$11,500