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$119,526$119,526$247,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$127,974$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.421%7.640%
1st payment$690.69$690.69$1,713.64
2nd payment$0.00$853.16$0.00
Taxes / mo$228.25$228.25$228.25
Insurance / mo$150.00$150.00$150.00
MI / mo$103.98$103.98$49.50
HOA / mo$234.00$234.00$234.00
Total monthly$1,406.91$2,260.07$2,375.39
Cash to close$155,474$27,500$27,500