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$141,249$141,249$292,410
Remaining term (yrs)21.021.030.0
Secondary amount$0$151,161$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.372%7.640%
1st payment$808.75$808.75$2,024.59
2nd payment$0.00$1,007.74$0.00
Taxes / mo$268.33$268.33$268.33
Insurance / mo$150.00$150.00$150.00
MI / mo$123.24$123.24$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,350.33$2,358.07$2,501.40
Cash to close$183,651$32,490$32,490