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$129,846$129,846$238,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$108,654$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%6.138%7.560%
1st payment$693.57$693.57$1,638.33
2nd payment$0.00$724.36$0.00
Taxes / mo$22.83$22.83$22.83
Insurance / mo$150.00$150.00$150.00
MI / mo$106.34$106.34$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$972.75$1,697.11$1,858.86
Cash to close$135,154$26,500$26,500