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$142,552$142,552$292,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$149,948$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.197%7.640%
1st payment$736.81$736.81$2,025.21
2nd payment$0.00$999.65$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$114.69$114.69$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,272.33$2,271.98$2,504.54
Cash to close$182,448$32,500$32,500