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$140,945$140,945$315,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$174,055$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.456%7.640%
1st payment$872.25$872.25$2,181.00
2nd payment$0.00$1,160.37$0.00
Taxes / mo$308.50$308.50$308.50
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$63.00
HOA / mo$185.00$185.00$185.00
Total monthly$1,649.99$2,810.36$2,887.50
Cash to close$209,055$35,000$35,000