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$132,588$132,588$180,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$47,412$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%5.796%7.560%
1st payment$722.88$722.88$1,236.48
2nd payment$0.00$355.59$0.00
Taxes / mo$390.92$390.92$390.92
Insurance / mo$150.00$150.00$150.00
MI / mo$109.89$109.89$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,373.68$1,729.27$1,813.39
Cash to close$67,412$20,000$20,000