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$142,236$142,236$246,600
Remaining term (yrs)24.124.130.0
Secondary amount$0$104,364$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.497%7.640%
1st payment$674.64$674.64$1,707.41
2nd payment$0.00$695.76$0.00
Taxes / mo$251.25$251.25$251.25
Insurance / mo$150.00$150.00$150.00
MI / mo$116.15$116.15$49.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,192.04$1,887.80$2,157.98
Cash to close$131,764$27,400$27,400