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$125,756$125,756$193,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$67,744$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.672%7.640%
1st payment$615.02$615.02$1,339.75
2nd payment$0.00$508.08$0.00
Taxes / mo$202.50$202.50$202.50
Insurance / mo$150.00$150.00$150.00
MI / mo$102.93$102.93$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,070.46$1,578.54$1,730.95
Cash to close$89,244$21,500$21,500