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$45,805$45,805$166,500
Remaining term (yrs)14.414.430.0
Secondary amount$0$120,695$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%7.029%7.640%
1st payment$337.27$337.27$1,152.81
2nd payment$0.00$804.63$0.00
Taxes / mo$197.00$197.00$197.00
Insurance / mo$150.00$150.00$150.00
MI / mo$52.42$52.42$33.30
HOA / mo$315.00$315.00$315.00
Total monthly$1,051.69$1,856.32$1,848.11
Cash to close$139,195$18,500$18,500