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$40,575$40,575$144,900
Remaining term (yrs)18.318.330.0
Secondary amount$0$104,325$0
Funding fee$0$0$0
Note rate3.660%3.660%7.320%
Blended rate4.510%7.023%7.560%
1st payment$251.84$251.84$995.36
2nd payment$0.00$695.50$0.00
Taxes / mo$233.17$233.17$233.17
Insurance / mo$150.00$150.00$150.00
MI / mo$38.95$38.95$28.98
HOA / mo$0.00$0.00$0.00
Total monthly$673.96$1,369.46$1,407.51
Cash to close$120,425$16,100$16,100