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$120,882$120,882$170,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$50,028$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.315%7.640%
1st payment$574.69$574.69$1,183.35
2nd payment$0.00$375.21$0.00
Taxes / mo$190.67$190.67$190.67
Insurance / mo$150.00$150.00$150.00
MI / mo$97.30$97.30$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,012.65$1,387.86$1,558.19
Cash to close$69,018$18,990$18,990