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$122,693$122,693$170,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$48,217$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.310%7.640%
1st payment$579.88$579.88$1,183.35
2nd payment$0.00$361.62$0.00
Taxes / mo$77.42$77.42$77.42
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$904.59$1,266.22$1,444.94
Cash to close$67,207$18,990$18,990