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$129,705$129,705$255,600
Remaining term (yrs)23.423.430.0
Secondary amount$0$125,895$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%6.122%7.560%
1st payment$670.40$670.40$1,755.79
2nd payment$0.00$839.30$0.00
Taxes / mo$193.42$193.42$193.42
Insurance / mo$150.00$150.00$150.00
MI / mo$106.41$106.41$51.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,120.23$1,959.53$2,150.33
Cash to close$154,295$28,400$28,400