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$134,367$134,367$206,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$71,733$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.493%7.640%
1st payment$628.54$628.54$1,426.99
2nd payment$0.00$538.00$0.00
Taxes / mo$303.84$303.84$303.84
Insurance / mo$150.00$150.00$150.00
MI / mo$108.77$108.77$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,191.15$1,729.15$1,922.06
Cash to close$94,633$22,900$22,900