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$139,638$139,638$278,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$139,272$0
Funding fee$0$0$0
Note rate3.860%3.860%7.400%
Blended rate4.710%6.353%7.640%
1st payment$875.67$875.67$1,931.12
2nd payment$0.00$928.48$0.00
Taxes / mo$285.33$285.33$285.33
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,443.14$2,371.63$2,422.23
Cash to close$170,262$30,990$30,990