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$126,738$126,738$169,110
Remaining term (yrs)24.624.630.0
Secondary amount$0$42,372$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.185%7.560%
1st payment$609.04$609.04$1,161.67
2nd payment$0.00$317.79$0.00
Taxes / mo$179.00$179.00$179.00
Insurance / mo$150.00$150.00$150.00
MI / mo$101.54$101.54$33.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,039.58$1,357.38$1,524.49
Cash to close$61,162$18,790$18,790