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$135,467$135,467$169,110
Remaining term (yrs)24.324.330.0
Secondary amount$0$33,643$0
Funding fee$0$0$0
Note rate2.600%2.600%7.400%
Blended rate3.450%4.554%7.640%
1st payment$625.01$625.01$1,170.88
2nd payment$0.00$252.32$0.00
Taxes / mo$237.83$237.83$237.83
Insurance / mo$150.00$150.00$150.00
MI / mo$110.59$110.59$33.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,123.43$1,375.75$1,592.54
Cash to close$52,433$18,790$18,790