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$131,768$131,768$225,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$93,232$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.365%7.640%
1st payment$785.60$785.60$1,557.85
2nd payment$0.00$699.24$0.00
Taxes / mo$428.25$428.25$428.25
Insurance / mo$150.00$150.00$150.00
MI / mo$121.64$121.64$45.00
HOA / mo$9.58$9.58$9.58
Total monthly$1,495.07$2,194.32$2,190.68
Cash to close$118,232$25,000$25,000