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$137,575$137,575$179,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$41,525$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%4.898%7.560%
1st payment$646.36$646.36$1,230.29
2nd payment$0.00$311.43$0.00
Taxes / mo$264.62$264.62$264.62
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$35.82
HOA / mo$347.00$347.00$347.00
Total monthly$1,519.26$1,830.69$2,027.73
Cash to close$61,425$19,900$19,900