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$134,603$134,603$268,110
Remaining term (yrs)23.723.730.0
Secondary amount$0$133,507$0
Funding fee$0$0$0
Note rate2.690%2.690%7.320%
Blended rate3.540%5.761%7.560%
1st payment$638.03$638.03$1,841.73
2nd payment$0.00$890.04$0.00
Taxes / mo$258.50$258.50$258.50
Insurance / mo$150.00$150.00$150.00
MI / mo$111.57$111.57$53.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,158.10$2,048.14$2,303.85
Cash to close$163,297$29,790$29,790