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$120,926$120,926$265,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$144,574$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.465%7.640%
1st payment$694.18$694.18$1,838.27
2nd payment$0.00$963.83$0.00
Taxes / mo$203.42$203.42$203.42
Insurance / mo$150.00$150.00$150.00
MI / mo$105.78$105.78$53.10
HOA / mo$5.42$5.42$5.42
Total monthly$1,158.80$2,122.62$2,250.21
Cash to close$174,074$29,500$29,500