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$142,233$142,233$305,100
Remaining term (yrs)21.221.230.0
Secondary amount$0$162,867$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.485%7.560%
1st payment$819.26$819.26$2,095.83
2nd payment$0.00$1,085.78$0.00
Taxes / mo$208.25$208.25$208.25
Insurance / mo$150.00$150.00$150.00
MI / mo$123.03$123.03$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,300.55$2,386.33$2,515.10
Cash to close$196,767$33,900$33,900