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$126,826$126,826$147,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$28,974$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.188%7.640%
1st payment$595.86$595.86$1,021.95
2nd payment$0.00$286.72$0.00
Taxes / mo$37.72$37.72$37.72
Insurance / mo$150.00$150.00$150.00
MI / mo$102.59$102.59$29.52
HOA / mo$0.00$0.00$0.00
Total monthly$886.16$1,172.88$1,239.19
Cash to close$37,174$8,200$16,400