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$140,905$140,905$216,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$75,095$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.699%7.640%
1st payment$680.86$680.86$1,495.54
2nd payment$0.00$563.21$0.00
Taxes / mo$71.92$71.92$71.92
Insurance / mo$150.00$150.00$150.00
MI / mo$113.08$113.08$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,015.86$1,579.07$1,760.66
Cash to close$99,095$24,000$24,000