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$128,010$128,010$256,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$128,490$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.784%7.640%
1st payment$599.19$599.19$1,775.95
2nd payment$0.00$856.60$0.00
Taxes / mo$245.58$245.58$245.58
Insurance / mo$150.00$150.00$150.00
MI / mo$104.51$104.51$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,099.27$1,955.87$2,222.84
Cash to close$156,990$28,500$28,500