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$141,874$141,874$220,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$78,536$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.563%7.560%
1st payment$666.56$666.56$1,514.06
2nd payment$0.00$589.02$0.00
Taxes / mo$268.80$268.80$268.80
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,200.11$1,789.13$1,976.94
Cash to close$103,026$24,490$24,490