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$137,134$137,134$193,410
Remaining term (yrs)25.225.230.0
Secondary amount$0$56,276$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.419%7.640%
1st payment$651.73$651.73$1,339.13
2nd payment$0.00$422.07$0.00
Taxes / mo$82.08$82.08$82.08
Insurance / mo$150.00$150.00$150.00
MI / mo$108.11$108.11$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$991.93$1,414.00$1,609.90
Cash to close$77,766$21,490$21,490