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$118,819$118,819$247,499
Remaining term (yrs)23.123.130.0
Secondary amount$0$128,680$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.320%7.640%
1st payment$632.45$632.45$1,713.63
2nd payment$0.00$857.86$0.00
Taxes / mo$169.83$169.83$169.83
Insurance / mo$150.00$150.00$150.00
MI / mo$97.93$97.93$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,050.21$1,908.07$2,082.97
Cash to close$156,180$27,500$27,500