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$133,202$133,202$211,500
Remaining term (yrs)21.321.330.0
Secondary amount$0$78,298$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%6.336%7.560%
1st payment$766.75$766.75$1,452.86
2nd payment$0.00$587.23$0.00
Taxes / mo$315.67$315.67$315.67
Insurance / mo$150.00$150.00$150.00
MI / mo$114.87$114.87$42.30
HOA / mo$330.00$330.00$330.00
Total monthly$1,677.28$2,264.52$2,290.82
Cash to close$101,798$23,500$23,500