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$141,874$141,874$211,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$69,626$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.418%7.640%
1st payment$666.56$666.56$1,464.38
2nd payment$0.00$522.19$0.00
Taxes / mo$54.78$54.78$54.78
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$986.09$1,508.28$1,711.46
Cash to close$93,126$23,500$23,500