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$138,641$138,641$256,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$117,859$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.838%7.560%
1st payment$689.89$689.89$1,761.98
2nd payment$0.00$785.72$0.00
Taxes / mo$98.33$98.33$98.33
Insurance / mo$150.00$150.00$150.00
MI / mo$113.71$113.71$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.94$1,837.66$2,061.61
Cash to close$146,359$28,500$28,500