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$128,253$128,253$175,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$47,247$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.215%7.640%
1st payment$610.32$610.32$1,215.13
2nd payment$0.00$354.35$0.00
Taxes / mo$224.42$224.42$224.42
Insurance / mo$150.00$150.00$150.00
MI / mo$102.93$102.93$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.67$1,442.03$1,624.64
Cash to close$66,747$19,500$19,500