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$126,300$126,300$143,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$25,605$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.103%7.640%
1st payment$591.08$591.08$996.40
2nd payment$0.00$253.38$0.00
Taxes / mo$95.58$95.58$95.58
Insurance / mo$150.00$150.00$150.00
MI / mo$100.85$100.85$28.78
HOA / mo$0.00$0.00$0.00
Total monthly$937.51$1,190.89$1,270.77
Cash to close$33,600$7,995$15,990