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$134,744$134,744$207,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$72,256$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.563%7.640%
1st payment$643.24$643.24$1,433.23
2nd payment$0.00$541.92$0.00
Taxes / mo$115.50$115.50$115.50
Insurance / mo$150.00$150.00$150.00
MI / mo$109.89$109.89$41.40
HOA / mo$315.00$315.00$315.00
Total monthly$1,333.63$1,875.55$2,055.13
Cash to close$95,256$23,000$23,000