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$140,139$140,139$310,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$170,361$0
Funding fee$0$0$0
Note rate3.480%3.480%7.320%
Blended rate4.330%6.344%7.560%
1st payment$813.66$813.66$2,132.92
2nd payment$0.00$1,135.74$0.00
Taxes / mo$423.50$423.50$423.50
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$62.10
HOA / mo$5.00$5.00$5.00
Total monthly$1,520.83$2,656.57$2,773.52
Cash to close$204,861$34,500$34,500