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$143,550$143,550$247,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$103,950$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%6.022%7.640%
1st payment$767.54$767.54$1,713.64
2nd payment$0.00$693.00$0.00
Taxes / mo$299.83$299.83$299.83
Insurance / mo$150.00$150.00$150.00
MI / mo$117.54$117.54$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,334.92$2,027.91$2,212.97
Cash to close$131,450$27,500$27,500