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$125,634$125,634$261,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$135,366$0
Funding fee$0$0$0
Note rate3.080%3.080%7.320%
Blended rate3.930%6.041%7.560%
1st payment$606.41$606.41$1,792.89
2nd payment$0.00$902.44$0.00
Taxes / mo$233.33$233.33$233.33
Insurance / mo$150.00$150.00$150.00
MI / mo$100.85$100.85$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,090.59$1,993.03$2,228.42
Cash to close$164,366$29,000$29,000