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$125,095$125,095$153,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$27,905$0
Funding fee$0$0$0
Note rate2.350%2.350%7.320%
Blended rate3.200%4.258%7.560%
1st payment$562.92$562.92$1,051.00
2nd payment$0.00$209.28$0.00
Taxes / mo$120.76$120.76$120.76
Insurance / mo$150.00$150.00$150.00
MI / mo$102.93$102.93$30.60
HOA / mo$409.00$409.00$409.00
Total monthly$1,345.61$1,554.90$1,761.36
Cash to close$44,905$17,000$17,000