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$138,848$138,848$218,250
Remaining term (yrs)20.820.830.0
Secondary amount$0$79,402$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.296%7.560%
1st payment$810.00$810.00$1,499.23
2nd payment$0.00$595.51$0.00
Taxes / mo$316.17$316.17$316.17
Insurance / mo$150.00$150.00$150.00
MI / mo$121.64$121.64$43.65
HOA / mo$315.00$315.00$315.00
Total monthly$1,712.81$2,308.32$2,324.04
Cash to close$103,652$24,250$24,250