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$126,340$126,340$229,455
Remaining term (yrs)18.718.730.0
Secondary amount$0$103,115$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.177%7.640%
1st payment$786.18$786.18$1,588.70
2nd payment$0.00$687.44$0.00
Taxes / mo$548.00$548.00$548.00
Insurance / mo$150.00$150.00$150.00
MI / mo$118.93$118.93$45.89
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.11$2,290.55$2,332.59
Cash to close$128,610$25,495$25,495