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$146,036$146,036$211,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$65,464$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%5.872%7.560%
1st payment$769.72$769.72$1,452.86
2nd payment$0.00$490.98$0.00
Taxes / mo$267.50$267.50$267.50
Insurance / mo$150.00$150.00$150.00
MI / mo$119.63$119.63$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,306.85$1,797.83$1,912.66
Cash to close$88,964$23,500$23,500