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$127,520$127,520$256,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$128,980$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%6.016%7.640%
1st payment$633.73$633.73$1,775.95
2nd payment$0.00$859.86$0.00
Taxes / mo$305.83$305.83$305.83
Insurance / mo$150.00$150.00$150.00
MI / mo$104.33$104.33$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,193.89$2,053.75$2,283.09
Cash to close$157,480$28,500$28,500