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$134,011$134,011$278,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$144,899$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.915%7.640%
1st payment$629.61$629.61$1,931.12
2nd payment$0.00$965.99$0.00
Taxes / mo$163.67$163.67$163.67
Insurance / mo$150.00$150.00$150.00
MI / mo$108.40$108.40$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.68$2,017.67$2,300.57
Cash to close$175,889$30,990$30,990