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$136,180$136,180$269,996
Remaining term (yrs)25.025.030.0
Secondary amount$0$133,816$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.972%7.640%
1st payment$652.17$652.17$1,869.39
2nd payment$0.00$892.10$0.00
Taxes / mo$277.33$277.33$277.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.77$107.77$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,187.27$2,079.37$2,350.73
Cash to close$163,815$30,000$30,000