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$116,574$116,574$238,500
Remaining term (yrs)21.321.330.0
Secondary amount$0$121,926$0
Funding fee$0$0$0
Note rate3.930%3.930%7.320%
Blended rate4.780%6.426%7.560%
1st payment$671.65$671.65$1,638.33
2nd payment$0.00$812.84$0.00
Taxes / mo$156.17$156.17$156.17
Insurance / mo$150.00$150.00$150.00
MI / mo$100.50$100.50$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,078.32$1,891.16$1,992.20
Cash to close$148,426$26,500$26,500