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$130,440$130,440$259,650
Remaining term (yrs)23.723.730.0
Secondary amount$0$129,210$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.965%7.640%
1st payment$645.69$645.69$1,797.76
2nd payment$0.00$861.40$0.00
Taxes / mo$243.00$243.00$243.00
Insurance / mo$150.00$150.00$150.00
MI / mo$107.11$107.11$51.93
HOA / mo$20.83$20.83$20.83
Total monthly$1,166.63$2,028.03$2,263.52
Cash to close$158,060$28,850$28,850