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$134,959$134,959$216,000
Remaining term (yrs)20.820.830.0
Secondary amount$0$81,041$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.345%7.560%
1st payment$787.31$787.31$1,483.77
2nd payment$0.00$607.81$0.00
Taxes / mo$151.17$151.17$151.17
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$43.20
HOA / mo$358.00$358.00$358.00
Total monthly$1,564.71$2,172.52$2,186.14
Cash to close$105,041$24,000$24,000