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$121,944$121,944$225,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$103,056$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%6.163%7.560%
1st payment$619.00$619.00$1,545.59
2nd payment$0.00$687.04$0.00
Taxes / mo$185.58$185.58$185.58
Insurance / mo$150.00$150.00$150.00
MI / mo$94.56$94.56$45.00
HOA / mo$325.00$325.00$325.00
Total monthly$1,374.14$2,061.18$2,251.18
Cash to close$128,056$25,000$25,000