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$140,200$140,200$251,550
Remaining term (yrs)24.924.930.0
Secondary amount$0$111,350$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.615%7.640%
1st payment$653.91$653.91$1,741.68
2nd payment$0.00$742.33$0.00
Taxes / mo$69.17$69.17$69.17
Insurance / mo$150.00$150.00$150.00
MI / mo$111.71$111.71$50.31
HOA / mo$0.00$0.00$0.00
Total monthly$984.79$1,727.13$2,011.16
Cash to close$139,300$27,950$27,950