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$127,336$127,336$274,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$147,164$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%6.219%7.560%
1st payment$644.28$644.28$1,885.62
2nd payment$0.00$981.10$0.00
Taxes / mo$103.33$103.33$103.33
Insurance / mo$150.00$150.00$150.00
MI / mo$104.07$104.07$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,001.69$1,982.79$2,193.86
Cash to close$177,664$30,500$30,500