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$140,082$140,082$242,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$102,828$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.126%7.560%
1st payment$815.10$815.10$1,668.62
2nd payment$0.00$685.52$0.00
Taxes / mo$463.83$463.83$463.83
Insurance / mo$150.00$150.00$150.00
MI / mo$122.41$122.41$48.58
HOA / mo$325.00$325.00$325.00
Total monthly$1,876.34$2,561.86$2,656.04
Cash to close$129,818$26,990$26,990