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$140,813$140,813$179,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$38,287$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.053%7.640%
1st payment$681.83$681.83$1,240.05
2nd payment$0.00$287.15$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,063.17$1,350.32$1,544.54
Cash to close$58,187$19,900$19,900