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$133,820$133,820$319,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$185,680$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.563%7.640%
1st payment$805.01$805.01$2,212.15
2nd payment$0.00$1,237.87$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$123.58$123.58$63.90
HOA / mo$45.00$45.00$45.00
Total monthly$1,419.42$2,657.29$2,766.89
Cash to close$221,180$35,500$35,500