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$130,523$130,523$202,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$71,977$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.590%7.640%
1st payment$606.73$606.73$1,402.07
2nd payment$0.00$539.83$0.00
Taxes / mo$135.25$135.25$135.25
Insurance / mo$150.00$150.00$150.00
MI / mo$103.79$103.79$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$995.76$1,535.59$1,727.82
Cash to close$94,477$22,500$22,500