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$114,706$114,706$245,700
Remaining term (yrs)19.919.930.0
Secondary amount$0$130,994$0
Funding fee$0$0$0
Note rate3.480%3.480%7.400%
Blended rate4.330%6.287%7.640%
1st payment$664.07$664.07$1,701.18
2nd payment$0.00$873.29$0.00
Taxes / mo$407.00$407.00$407.00
Insurance / mo$150.00$150.00$150.00
MI / mo$105.01$105.01$49.14
HOA / mo$12.50$12.50$12.50
Total monthly$1,338.59$2,211.88$2,319.82
Cash to close$158,294$27,300$27,300