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$125,937$125,937$233,010
Remaining term (yrs)24.624.630.0
Secondary amount$0$107,073$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.789%7.640%
1st payment$605.19$605.19$1,613.31
2nd payment$0.00$713.82$0.00
Taxes / mo$56.92$56.92$56.92
Insurance / mo$150.00$150.00$150.00
MI / mo$100.90$100.90$46.60
HOA / mo$164.00$164.00$164.00
Total monthly$1,077.01$1,790.83$2,030.83
Cash to close$132,963$25,890$25,890