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$40,758$40,758$152,100
Remaining term (yrs)18.818.830.0
Secondary amount$0$111,342$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%7.113%7.640%
1st payment$252.86$252.86$1,053.11
2nd payment$0.00$742.28$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$38.25$38.25$30.42
HOA / mo$0.00$0.00$0.00
Total monthly$581.95$1,324.23$1,374.36
Cash to close$128,242$16,900$16,900