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$130,483$130,483$220,410
Remaining term (yrs)23.323.330.0
Secondary amount$0$89,927$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%6.383%7.560%
1st payment$696.97$696.97$1,514.06
2nd payment$0.00$674.45$0.00
Taxes / mo$189.33$189.33$189.33
Insurance / mo$150.00$150.00$150.00
MI / mo$106.86$106.86$44.08
HOA / mo$109.00$109.00$109.00
Total monthly$1,252.17$1,926.62$2,006.48
Cash to close$114,417$24,490$24,490