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$136,977$136,977$261,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$124,023$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.294%7.560%
1st payment$788.99$788.99$1,792.89
2nd payment$0.00$826.82$0.00
Taxes / mo$274.00$274.00$274.00
Insurance / mo$150.00$150.00$150.00
MI / mo$118.49$118.49$52.20
HOA / mo$225.00$225.00$225.00
Total monthly$1,556.48$2,383.30$2,494.09
Cash to close$153,023$29,000$29,000