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$135,791$135,791$296,910
Remaining term (yrs)9.99.930.0
Secondary amount$0$161,119$0
Funding fee$0$0$0
Note rate2.150%2.150%7.400%
Blended rate3.000%5.713%7.640%
1st payment$1,258.60$1,258.60$2,055.74
2nd payment$0.00$1,074.13$0.00
Taxes / mo$201.50$201.50$201.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.06$137.06$59.38
HOA / mo$265.00$265.00$265.00
Total monthly$2,012.16$3,086.29$2,731.63
Cash to close$194,109$32,990$32,990