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$94,241$94,241$225,000
Remaining term (yrs)15.115.130.0
Secondary amount$0$130,759$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.630%7.560%
1st payment$683.08$683.08$1,545.59
2nd payment$0.00$871.73$0.00
Taxes / mo$314.83$314.83$314.83
Insurance / mo$150.00$150.00$150.00
MI / mo$102.83$102.83$45.00
HOA / mo$250.00$250.00$250.00
Total monthly$1,500.74$2,372.47$2,305.43
Cash to close$155,759$25,000$25,000