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$141,221$141,221$193,410
Remaining term (yrs)21.321.330.0
Secondary amount$0$52,189$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%5.926%7.560%
1st payment$814.41$814.41$1,328.59
2nd payment$0.00$391.42$0.00
Taxes / mo$139.33$139.33$139.33
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$38.68
HOA / mo$380.00$380.00$380.00
Total monthly$1,605.46$1,996.87$2,036.61
Cash to close$73,679$21,490$21,490