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$144,545$144,545$270,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$125,455$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%5.853%7.560%
1st payment$689.99$689.99$1,854.71
2nd payment$0.00$836.37$0.00
Taxes / mo$276.50$276.50$276.50
Insurance / mo$150.00$150.00$150.00
MI / mo$113.88$113.88$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,230.37$2,066.73$2,335.21
Cash to close$155,455$30,000$30,000