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$122,862$122,862$270,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$147,138$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.544%7.640%
1st payment$721.85$721.85$1,869.43
2nd payment$0.00$980.92$0.00
Taxes / mo$184.08$184.08$184.08
Insurance / mo$150.00$150.00$150.00
MI / mo$107.75$107.75$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,163.68$2,144.60$2,257.51
Cash to close$177,138$30,000$30,000