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$99,702$99,702$211,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$111,798$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.322%7.640%
1st payment$615.28$615.28$1,464.38
2nd payment$0.00$745.32$0.00
Taxes / mo$285.58$285.58$285.58
Insurance / mo$150.00$150.00$150.00
MI / mo$95.98$95.98$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.85$1,892.16$1,942.27
Cash to close$135,298$23,500$23,500