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$122,699$122,699$247,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$124,711$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%6.363%7.560%
1st payment$708.88$708.88$1,699.54
2nd payment$0.00$831.40$0.00
Taxes / mo$324.50$324.50$324.50
Insurance / mo$150.00$150.00$150.00
MI / mo$107.11$107.11$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,290.49$2,121.90$2,223.52
Cash to close$152,201$27,490$27,490