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$138,540$138,540$207,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$68,460$0
Funding fee$0$0$0
Note rate3.360%3.360%7.400%
Blended rate4.210%5.794%7.640%
1st payment$706.23$706.23$1,433.23
2nd payment$0.00$513.45$0.00
Taxes / mo$218.33$218.33$218.33
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,187.93$1,701.38$1,842.96
Cash to close$91,460$23,000$23,000