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$140,147$140,147$215,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$75,763$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%5.871%7.560%
1st payment$712.22$712.22$1,483.15
2nd payment$0.00$568.22$0.00
Taxes / mo$138.17$138.17$138.17
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,115.14$1,683.36$1,814.50
Cash to close$99,753$23,990$23,990