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$118,779$118,779$184,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$65,721$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.148%7.640%
1st payment$633.82$633.82$1,277.44
2nd payment$0.00$492.90$0.00
Taxes / mo$26.83$26.83$26.83
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$36.90
HOA / mo$269.00$269.00$269.00
Total monthly$1,176.96$1,669.86$1,760.17
Cash to close$86,221$20,500$20,500