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$134,366$134,366$193,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$59,134$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.639%7.560%
1st payment$679.86$679.86$1,329.21
2nd payment$0.00$443.50$0.00
Taxes / mo$176.83$176.83$176.83
Insurance / mo$150.00$150.00$150.00
MI / mo$109.82$109.82$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,116.51$1,560.01$1,694.74
Cash to close$80,634$21,500$21,500