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$135,893$135,893$197,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$61,207$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%5.270%7.560%
1st payment$635.10$635.10$1,353.94
2nd payment$0.00$459.06$0.00
Taxes / mo$259.07$259.07$259.07
Insurance / mo$150.00$150.00$150.00
MI / mo$110.34$110.34$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,154.51$1,613.57$1,802.43
Cash to close$83,107$21,900$21,900