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$140,422$140,422$175,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,078$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%5.279%7.560%
1st payment$692.97$692.97$1,205.56
2nd payment$0.00$263.09$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$150.00$150.00$150.00
MI / mo$109.31$109.31$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,114.78$1,377.86$1,553.16
Cash to close$54,578$19,500$19,500