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$132,621$132,621$268,200
Remaining term (yrs)25.325.330.0
Secondary amount$0$135,579$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.997%7.560%
1st payment$628.92$628.92$1,842.35
2nd payment$0.00$903.86$0.00
Taxes / mo$93.50$93.50$93.50
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$53.64
HOA / mo$0.00$0.00$0.00
Total monthly$976.75$1,880.61$2,139.49
Cash to close$165,379$29,800$29,800