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$114,748$114,748$247,452
Remaining term (yrs)19.819.830.0
Secondary amount$0$132,705$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.354%7.640%
1st payment$673.32$673.32$1,713.31
2nd payment$0.00$884.70$0.00
Taxes / mo$26.00$26.00$26.00
Insurance / mo$150.00$150.00$150.00
MI / mo$104.90$104.90$49.49
HOA / mo$5.42$5.42$5.42
Total monthly$959.64$1,844.34$1,944.22
Cash to close$160,199$27,495$27,495