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$144,694$144,694$215,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$71,216$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%5.475%7.560%
1st payment$693.88$693.88$1,483.15
2nd payment$0.00$534.12$0.00
Taxes / mo$96.05$96.05$96.05
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,058.16$1,592.28$1,772.38
Cash to close$95,206$23,990$23,990