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$121,015$121,015$256,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$135,485$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.901%7.640%
1st payment$564.46$564.46$1,775.95
2nd payment$0.00$903.23$0.00
Taxes / mo$136.33$136.33$136.33
Insurance / mo$150.00$150.00$150.00
MI / mo$98.58$98.58$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$949.37$1,852.61$2,113.59
Cash to close$163,985$28,500$28,500