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$84,682$84,682$104,400
Remaining term (yrs)23.823.830.0
Secondary amount$0$25,518$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.785%7.640%
1st payment$418.20$418.20$722.84
2nd payment$0.00$252.52$0.00
Taxes / mo$70.17$70.17$70.17
Insurance / mo$150.00$150.00$150.00
MI / mo$69.37$69.37$20.88
HOA / mo$0.00$0.00$0.00
Total monthly$707.74$960.26$963.89
Cash to close$31,318$5,800$11,600