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$131,395$131,395$225,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$93,605$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.922%7.640%
1st payment$623.50$623.50$1,557.85
2nd payment$0.00$702.04$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$150.00$150.00$150.00
MI / mo$106.38$106.38$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,088.21$1,790.25$1,961.19
Cash to close$118,605$25,000$25,000