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$145,300$145,300$179,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$34,610$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.455%7.640%
1st payment$737.56$737.56$1,245.66
2nd payment$0.00$259.57$0.00
Taxes / mo$252.55$252.55$252.55
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,252.78$1,512.35$1,684.19
Cash to close$54,600$19,990$19,990