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$141,262$141,262$211,500
Remaining term (yrs)21.321.330.0
Secondary amount$0$70,238$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.195%7.560%
1st payment$815.40$815.40$1,452.86
2nd payment$0.00$526.79$0.00
Taxes / mo$139.33$139.33$139.33
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$42.30
HOA / mo$380.00$380.00$380.00
Total monthly$1,606.44$2,133.23$2,164.49
Cash to close$93,738$23,500$23,500