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$144,894$144,894$260,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$116,016$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.162%7.560%
1st payment$793.08$793.08$1,792.27
2nd payment$0.00$773.44$0.00
Taxes / mo$329.75$329.75$329.75
Insurance / mo$150.00$150.00$150.00
MI / mo$119.97$119.97$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.80$2,166.24$2,324.20
Cash to close$145,006$28,990$28,990