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$134,413$134,413$283,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$149,087$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.388%7.640%
1st payment$727.56$727.56$1,962.90
2nd payment$0.00$993.91$0.00
Taxes / mo$157.00$157.00$157.00
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,145.84$2,139.76$2,326.60
Cash to close$180,587$31,500$31,500