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$144,705$144,705$215,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$71,205$0
Funding fee$0$0$0
Note rate3.030%3.030%7.320%
Blended rate3.880%5.569%7.560%
1st payment$706.03$706.03$1,483.15
2nd payment$0.00$534.03$0.00
Taxes / mo$210.17$210.17$210.17
Insurance / mo$150.00$150.00$150.00
MI / mo$118.17$118.17$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,184.36$1,718.40$1,886.50
Cash to close$95,195$23,990$23,990