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$104,502$104,502$208,800
Remaining term (yrs)23.423.430.0
Secondary amount$0$104,298$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.248%7.640%
1st payment$552.48$552.48$1,445.69
2nd payment$0.00$695.32$0.00
Taxes / mo$81.58$81.58$81.58
Insurance / mo$150.00$150.00$150.00
MI / mo$85.55$85.55$41.76
HOA / mo$0.00$0.00$0.00
Total monthly$869.61$1,564.93$1,719.03
Cash to close$127,498$23,200$23,200