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$102,021$102,021$242,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$140,889$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%6.232%7.640%
1st payment$489.55$489.55$1,681.86
2nd payment$0.00$939.26$0.00
Taxes / mo$134.75$134.75$134.75
Insurance / mo$150.00$150.00$150.00
MI / mo$82.88$82.88$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$857.18$1,796.44$2,015.19
Cash to close$167,879$26,990$26,990