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$135,656$135,656$161,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$26,254$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.652%7.560%
1st payment$641.93$641.93$1,112.21
2nd payment$0.00$196.90$0.00
Taxes / mo$72.00$72.00$72.00
Insurance / mo$150.00$150.00$150.00
MI / mo$108.40$108.40$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$972.33$1,169.23$1,366.59
Cash to close$44,244$17,990$17,990