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$136,019$136,019$224,010
Remaining term (yrs)24.724.730.0
Secondary amount$0$87,991$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.861%7.560%
1st payment$646.51$646.51$1,538.79
2nd payment$0.00$659.94$0.00
Taxes / mo$392.50$392.50$392.50
Insurance / mo$150.00$150.00$150.00
MI / mo$108.90$108.90$44.80
HOA / mo$23.00$23.00$23.00
Total monthly$1,320.91$1,980.85$2,149.10
Cash to close$112,881$24,890$24,890