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$143,905$143,905$256,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$112,595$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.846%7.640%
1st payment$729.80$729.80$1,775.95
2nd payment$0.00$750.63$0.00
Taxes / mo$610.58$610.58$610.58
Insurance / mo$150.00$150.00$150.00
MI / mo$117.89$117.89$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,608.27$2,358.90$2,587.84
Cash to close$141,095$28,500$28,500