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$130,403$130,403$315,000
Remaining term (yrs)18.718.730.0
Secondary amount$0$184,597$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.630%7.640%
1st payment$811.46$811.46$2,181.00
2nd payment$0.00$1,230.65$0.00
Taxes / mo$132.67$132.67$132.67
Insurance / mo$150.00$150.00$150.00
MI / mo$122.76$122.76$63.00
HOA / mo$164.00$164.00$164.00
Total monthly$1,380.89$2,611.53$2,690.66
Cash to close$219,597$35,000$35,000