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$135,575$135,575$301,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$165,925$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.462%7.640%
1st payment$809.24$809.24$2,087.53
2nd payment$0.00$1,106.16$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$124.08$124.08$60.30
HOA / mo$194.00$194.00$194.00
Total monthly$1,556.49$2,662.65$2,770.99
Cash to close$199,425$33,500$33,500