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$128,976$128,976$233,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$104,124$0
Funding fee$0$0$0
Note rate3.180%3.180%7.320%
Blended rate4.030%5.803%7.560%
1st payment$643.81$643.81$1,601.24
2nd payment$0.00$694.16$0.00
Taxes / mo$100.75$100.75$100.75
Insurance / mo$150.00$150.00$150.00
MI / mo$105.72$105.72$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,000.27$1,694.44$1,898.61
Cash to close$130,024$25,900$25,900