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$131,900$131,900$283,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$151,600$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%6.051%7.560%
1st payment$624.15$624.15$1,947.45
2nd payment$0.00$1,010.67$0.00
Taxes / mo$163.69$163.69$163.69
Insurance / mo$150.00$150.00$150.00
MI / mo$105.40$105.40$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,043.24$2,053.91$2,317.84
Cash to close$183,100$31,500$31,500