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$136,626$136,626$171,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$34,374$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.805%7.640%
1st payment$643.74$643.74$1,183.97
2nd payment$0.00$257.81$0.00
Taxes / mo$191.33$191.33$191.33
Insurance / mo$150.00$150.00$150.00
MI / mo$109.55$109.55$34.20
HOA / mo$240.00$240.00$240.00
Total monthly$1,334.63$1,592.43$1,799.50
Cash to close$53,374$19,000$19,000