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$127,756$127,756$207,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$79,244$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.704%7.560%
1st payment$605.96$605.96$1,421.95
2nd payment$0.00$594.33$0.00
Taxes / mo$5.33$5.33$5.33
Insurance / mo$150.00$150.00$150.00
MI / mo$104.32$104.32$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$865.61$1,459.95$1,618.68
Cash to close$102,244$23,000$23,000