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$134,133$134,133$162,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$27,867$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.653%7.640%
1st payment$668.22$668.22$1,121.66
2nd payment$0.00$209.00$0.00
Taxes / mo$150.00$150.00$150.00
Insurance / mo$150.00$150.00$150.00
MI / mo$108.82$108.82$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,077.04$1,286.04$1,454.06
Cash to close$45,867$18,000$18,000