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$126,440$126,440$252,000
Remaining term (yrs)14.714.730.0
Secondary amount$0$125,560$0
Funding fee$0$0$0
Note rate2.360%2.360%7.400%
Blended rate3.210%5.597%7.640%
1st payment$842.60$842.60$1,744.80
2nd payment$0.00$837.07$0.00
Taxes / mo$154.54$154.54$154.54
Insurance / mo$150.00$150.00$150.00
MI / mo$114.09$114.09$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,261.23$2,098.30$2,099.74
Cash to close$153,560$28,000$28,000