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$138,242$138,242$188,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$49,858$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.840%7.640%
1st payment$745.71$745.71$1,302.37
2nd payment$0.00$373.94$0.00
Taxes / mo$196.17$196.17$196.17
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$37.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,204.55$1,578.48$1,686.15
Cash to close$70,758$20,900$20,900