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$29,420$29,420$134,910
Remaining term (yrs)8.38.330.0
Secondary amount$0$105,490$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%7.123%7.640%
1st payment$331.72$331.72$934.09
2nd payment$0.00$703.27$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$150.00$150.00$150.00
MI / mo$41.87$41.87$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$612.59$1,315.86$1,200.07
Cash to close$120,480$14,990$14,990