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$142,786$142,786$274,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$131,714$0
Funding fee$0$0$0
Note rate3.370%3.370%7.400%
Blended rate4.220%6.034%7.640%
1st payment$820.99$820.99$1,900.58
2nd payment$0.00$878.10$0.00
Taxes / mo$235.50$235.50$235.50
Insurance / mo$150.00$150.00$150.00
MI / mo$131.62$131.62$54.90
HOA / mo$40.00$40.00$40.00
Total monthly$1,378.12$2,256.21$2,380.98
Cash to close$162,214$30,500$30,500