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$138,652$138,652$206,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$68,258$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.529%7.640%
1st payment$659.81$659.81$1,432.60
2nd payment$0.00$511.94$0.00
Taxes / mo$273.67$273.67$273.67
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,194.76$1,706.69$1,897.65
Cash to close$91,248$22,990$22,990