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$136,856$136,856$279,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$142,144$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.955%7.640%
1st payment$641.83$641.83$1,931.74
2nd payment$0.00$947.63$0.00
Taxes / mo$70.75$70.75$70.75
Insurance / mo$150.00$150.00$150.00
MI / mo$108.11$108.11$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$970.69$1,918.31$2,208.29
Cash to close$173,144$31,000$31,000