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$141,771$141,771$235,800
Remaining term (yrs)23.923.930.0
Secondary amount$0$94,029$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.831%7.640%
1st payment$680.76$680.76$1,632.63
2nd payment$0.00$705.22$0.00
Taxes / mo$218.33$218.33$218.33
Insurance / mo$150.00$150.00$150.00
MI / mo$116.15$116.15$47.16
HOA / mo$69.58$69.58$69.58
Total monthly$1,234.82$1,940.04$2,117.70
Cash to close$120,229$26,200$26,200