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$127,815$127,815$278,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$151,095$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%6.121%7.640%
1st payment$614.94$614.94$1,931.12
2nd payment$0.00$1,007.30$0.00
Taxes / mo$71.17$71.17$71.17
Insurance / mo$150.00$150.00$150.00
MI / mo$102.66$102.66$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$938.77$1,946.06$2,208.07
Cash to close$182,085$30,990$30,990