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$143,176$143,176$260,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$117,734$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%5.745%7.640%
1st payment$686.54$686.54$1,806.49
2nd payment$0.00$784.89$0.00
Taxes / mo$139.67$139.67$139.67
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,090.97$1,875.86$2,148.34
Cash to close$146,724$28,990$28,990