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$120,766$120,766$260,910
Remaining term (yrs)18.418.430.0
Secondary amount$0$140,144$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.389%7.640%
1st payment$747.85$747.85$1,806.49
2nd payment$0.00$934.29$0.00
Taxes / mo$90.42$90.42$90.42
Insurance / mo$150.00$150.00$150.00
MI / mo$115.51$115.51$52.18
HOA / mo$610.00$610.00$610.00
Total monthly$1,713.78$2,648.07$2,709.09
Cash to close$169,134$28,990$28,990