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$119,292$119,292$223,200
Remaining term (yrs)22.922.930.0
Secondary amount$0$103,908$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.183%7.640%
1st payment$645.71$645.71$1,545.39
2nd payment$0.00$692.72$0.00
Taxes / mo$145.25$145.25$145.25
Insurance / mo$150.00$150.00$150.00
MI / mo$98.76$98.76$44.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,039.72$1,732.45$1,885.28
Cash to close$128,708$24,800$24,800