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$138,676$138,676$206,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$67,424$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.447%7.560%
1st payment$663.60$663.60$1,415.76
2nd payment$0.00$505.68$0.00
Taxes / mo$148.58$148.58$148.58
Insurance / mo$150.00$150.00$150.00
MI / mo$113.37$113.37$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,075.55$1,581.22$1,755.57
Cash to close$90,324$22,900$22,900