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$135,009$135,009$202,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$67,401$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.432%7.560%
1st payment$639.67$639.67$1,390.42
2nd payment$0.00$505.51$0.00
Taxes / mo$225.92$225.92$225.92
Insurance / mo$150.00$150.00$150.00
MI / mo$110.27$110.27$40.48
HOA / mo$137.00$137.00$137.00
Total monthly$1,262.86$1,768.37$1,943.81
Cash to close$89,891$22,490$22,490