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$134,335$134,335$323,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$189,575$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%6.337%7.560%
1st payment$642.64$642.64$2,225.04
2nd payment$0.00$1,263.83$0.00
Taxes / mo$166.25$166.25$166.25
Insurance / mo$150.00$150.00$150.00
MI / mo$106.06$106.06$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,064.95$2,328.78$2,606.07
Cash to close$225,565$35,990$35,990