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$140,736$140,736$202,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$61,764$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.810%7.640%
1st payment$700.47$700.47$1,402.07
2nd payment$0.00$463.23$0.00
Taxes / mo$72.83$72.83$72.83
Insurance / mo$150.00$150.00$150.00
MI / mo$109.67$109.67$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,032.98$1,496.22$1,665.40
Cash to close$84,264$22,500$22,500