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$133,818$133,818$270,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$136,182$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%6.260%7.560%
1st payment$787.99$787.99$1,854.71
2nd payment$0.00$907.88$0.00
Taxes / mo$433.17$433.17$433.17
Insurance / mo$150.00$150.00$150.00
MI / mo$122.16$122.16$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,493.32$2,401.20$2,491.88
Cash to close$166,182$30,000$30,000