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$135,058$135,058$221,310
Remaining term (yrs)23.423.430.0
Secondary amount$0$86,252$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%6.248%7.560%
1st payment$713.31$713.31$1,520.25
2nd payment$0.00$646.89$0.00
Taxes / mo$352.25$352.25$352.25
Insurance / mo$150.00$150.00$150.00
MI / mo$110.59$110.59$44.26
HOA / mo$464.00$464.00$464.00
Total monthly$1,790.14$2,437.03$2,530.76
Cash to close$110,842$24,590$24,590