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$139,151$139,151$175,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$36,349$0
Funding fee$0$0$0
Note rate3.040%3.040%7.320%
Blended rate3.890%4.948%7.560%
1st payment$665.74$665.74$1,205.56
2nd payment$0.00$272.62$0.00
Taxes / mo$210.42$210.42$210.42
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,137.44$1,410.05$1,601.08
Cash to close$55,849$19,500$19,500