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$130,540$130,540$274,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$143,960$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.903%7.640%
1st payment$608.64$608.64$1,900.58
2nd payment$0.00$959.73$0.00
Taxes / mo$294.58$294.58$294.58
Insurance / mo$150.00$150.00$150.00
MI / mo$105.74$105.74$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,158.96$2,118.69$2,400.07
Cash to close$174,460$30,500$30,500