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$117,811$117,811$236,250
Remaining term (yrs)19.519.530.0
Secondary amount$0$118,439$0
Funding fee$0$0$0
Note rate2.390%2.390%7.320%
Blended rate3.240%5.626%7.560%
1st payment$626.16$626.16$1,622.87
2nd payment$0.00$789.60$0.00
Taxes / mo$299.67$299.67$299.67
Insurance / mo$150.00$150.00$150.00
MI / mo$100.10$100.10$47.25
HOA / mo$0.00$0.00$0.00
Total monthly$1,175.93$1,965.52$2,119.79
Cash to close$144,689$26,250$26,250