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$142,480$142,480$242,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$100,430$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.894%7.640%
1st payment$695.40$695.40$1,681.86
2nd payment$0.00$669.53$0.00
Taxes / mo$222.58$222.58$222.58
Insurance / mo$150.00$150.00$150.00
MI / mo$110.88$110.88$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.86$1,848.39$2,103.03
Cash to close$127,420$26,990$26,990