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$100,702$100,702$229,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$128,798$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.464%7.640%
1st payment$530.02$530.02$1,589.01
2nd payment$0.00$858.65$0.00
Taxes / mo$60.17$60.17$60.17
Insurance / mo$150.00$150.00$150.00
MI / mo$82.07$82.07$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$822.26$1,680.91$1,845.08
Cash to close$154,298$25,500$25,500