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$130,001$130,001$283,499
Remaining term (yrs)24.824.830.0
Secondary amount$0$153,498$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%6.065%7.640%
1st payment$613.14$613.14$1,962.89
2nd payment$0.00$1,023.32$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$103.94$103.94$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,129.59$2,152.91$2,432.09
Cash to close$184,998$31,500$31,500