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$140,147$140,147$170,999
Remaining term (yrs)23.623.630.0
Secondary amount$0$30,852$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.050%7.640%
1st payment$712.22$712.22$1,183.96
2nd payment$0.00$231.39$0.00
Taxes / mo$369.50$369.50$369.50
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,346.47$1,577.86$1,737.66
Cash to close$49,852$19,000$19,000