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$134,810$134,810$205,650
Remaining term (yrs)24.924.930.0
Secondary amount$0$70,840$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.493%7.560%
1st payment$625.35$625.35$1,412.67
2nd payment$0.00$531.30$0.00
Taxes / mo$237.25$237.25$237.25
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$41.13
HOA / mo$260.00$260.00$260.00
Total monthly$1,380.40$1,911.70$2,101.05
Cash to close$93,690$22,850$22,850