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$137,116$137,116$213,750
Remaining term (yrs)18.918.930.0
Secondary amount$0$76,634$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%6.325%7.640%
1st payment$858.11$858.11$1,479.96
2nd payment$0.00$574.76$0.00
Taxes / mo$150.17$150.17$150.17
Insurance / mo$150.00$150.00$150.00
MI / mo$127.62$127.62$42.75
HOA / mo$0.00$0.00$0.00
Total monthly$1,285.90$1,860.66$1,822.88
Cash to close$100,384$23,750$23,750