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$127,718$127,718$239,400
Remaining term (yrs)23.623.630.0
Secondary amount$0$111,682$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.951%7.640%
1st payment$647.71$647.71$1,657.56
2nd payment$0.00$744.55$0.00
Taxes / mo$221.67$221.67$221.67
Insurance / mo$150.00$150.00$150.00
MI / mo$104.63$104.63$47.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,124.00$1,868.55$2,077.10
Cash to close$138,282$26,600$26,600