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$146,000$146,000$260,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$114,910$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.165%7.640%
1st payment$889.65$889.65$1,806.49
2nd payment$0.00$766.07$0.00
Taxes / mo$309.75$309.75$309.75
Insurance / mo$150.00$150.00$150.00
MI / mo$134.09$134.09$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,483.49$2,249.56$2,318.42
Cash to close$143,900$28,990$28,990