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$129,542$129,542$283,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$153,958$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.419%7.640%
1st payment$692.29$692.29$1,962.90
2nd payment$0.00$1,026.38$0.00
Taxes / mo$117.25$117.25$117.25
Insurance / mo$150.00$150.00$150.00
MI / mo$106.67$106.67$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,066.21$2,092.59$2,286.85
Cash to close$185,458$31,500$31,500