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$138,312$138,312$161,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$31,738$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.795%7.560%
1st payment$687.66$687.66$1,106.65
2nd payment$0.00$314.07$0.00
Taxes / mo$113.83$113.83$113.83
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$32.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,059.30$1,373.37$1,402.70
Cash to close$40,688$8,950$17,900