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$131,917$131,917$243,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$111,083$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.693%7.640%
1st payment$615.93$615.93$1,682.48
2nd payment$0.00$740.56$0.00
Taxes / mo$79.17$79.17$79.17
Insurance / mo$150.00$150.00$150.00
MI / mo$104.82$104.82$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$949.92$1,690.47$1,960.25
Cash to close$138,083$27,000$27,000