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$136,595$136,595$314,100
Remaining term (yrs)19.719.730.0
Secondary amount$0$177,505$0
Funding fee$0$0$0
Note rate3.610%3.610%7.320%
Blended rate4.460%6.461%7.560%
1st payment$804.53$804.53$2,157.65
2nd payment$0.00$1,183.37$0.00
Taxes / mo$246.67$246.67$246.67
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,326.39$2,509.75$2,617.14
Cash to close$212,405$34,900$34,900