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$142,666$142,666$252,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$109,334$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%5.996%7.640%
1st payment$840.29$840.29$1,744.80
2nd payment$0.00$728.89$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$150.00$150.00$150.00
MI / mo$130.75$130.75$50.40
HOA / mo$262.00$262.00$262.00
Total monthly$1,560.04$2,288.93$2,384.20
Cash to close$137,334$28,000$28,000