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$125,123$125,123$260,910
Remaining term (yrs)21.021.030.0
Secondary amount$0$135,787$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.432%7.640%
1st payment$723.02$723.02$1,806.49
2nd payment$0.00$905.25$0.00
Taxes / mo$198.83$198.83$198.83
Insurance / mo$150.00$150.00$150.00
MI / mo$108.85$108.85$52.18
HOA / mo$270.00$270.00$270.00
Total monthly$1,450.70$2,355.95$2,477.50
Cash to close$164,777$28,990$28,990