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$142,942$142,942$247,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$104,558$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.036%7.560%
1st payment$768.48$768.48$1,700.15
2nd payment$0.00$697.06$0.00
Taxes / mo$214.17$214.17$214.17
Insurance / mo$150.00$150.00$150.00
MI / mo$117.54$117.54$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,250.19$1,947.25$2,113.82
Cash to close$132,058$27,500$27,500