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$118,946$118,946$198,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$79,054$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.297%7.640%
1st payment$628.84$628.84$1,370.91
2nd payment$0.00$592.91$0.00
Taxes / mo$148.08$148.08$148.08
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,024.30$1,617.20$1,708.60
Cash to close$101,054$22,000$22,000