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$140,180$140,180$332,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$192,730$0
Funding fee$0$0$0
Note rate3.130%3.130%7.240%
Blended rate3.980%6.307%7.480%
1st payment$694.46$694.46$2,268.78
2nd payment$0.00$1,284.87$0.00
Taxes / mo$308.25$308.25$308.25
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,267.46$2,552.33$2,793.61
Cash to close$229,720$36,990$36,990