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$131,001$131,001$247,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$116,499$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.179%7.640%
1st payment$782.83$782.83$1,713.64
2nd payment$0.00$776.66$0.00
Taxes / mo$232.83$232.83$232.83
Insurance / mo$150.00$150.00$150.00
MI / mo$120.32$120.32$49.50
HOA / mo$400.00$400.00$400.00
Total monthly$1,685.98$2,462.64$2,545.97
Cash to close$143,999$27,500$27,500