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$139,581$139,581$193,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$53,919$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.170%7.640%
1st payment$648.87$648.87$1,339.75
2nd payment$0.00$404.39$0.00
Taxes / mo$145.92$145.92$145.92
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,056.07$1,460.46$1,674.37
Cash to close$75,419$21,500$21,500