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$141,374$141,374$266,399
Remaining term (yrs)22.922.930.0
Secondary amount$0$125,025$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.116%7.560%
1st payment$752.20$752.20$1,829.98
2nd payment$0.00$833.50$0.00
Taxes / mo$246.67$246.67$246.67
Insurance / mo$150.00$150.00$150.00
MI / mo$117.19$117.19$53.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,266.05$2,099.56$2,279.92
Cash to close$154,625$29,600$29,600