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$129,313$129,313$207,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$77,687$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.764%7.640%
1st payment$615.37$615.37$1,433.23
2nd payment$0.00$582.66$0.00
Taxes / mo$127.33$127.33$127.33
Insurance / mo$150.00$150.00$150.00
MI / mo$103.79$103.79$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$996.48$1,579.14$1,751.96
Cash to close$100,687$23,000$23,000