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$122,133$122,133$171,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$48,867$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.207%7.640%
1st payment$567.76$567.76$1,183.97
2nd payment$0.00$366.50$0.00
Taxes / mo$133.15$133.15$133.15
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$948.28$1,314.78$1,501.32
Cash to close$67,867$19,000$19,000