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$110,826$110,826$247,500
Remaining term (yrs)15.615.630.0
Secondary amount$0$136,674$0
Funding fee$0$0$0
Note rate3.860%3.860%7.400%
Blended rate4.710%6.527%7.640%
1st payment$783.49$783.49$1,713.64
2nd payment$0.00$911.16$0.00
Taxes / mo$212.75$212.75$212.75
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,264.47$2,175.64$2,125.89
Cash to close$164,174$27,500$27,500