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$140,135$140,135$261,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$120,865$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.718%7.560%
1st payment$674.34$674.34$1,792.89
2nd payment$0.00$805.77$0.00
Taxes / mo$149.67$149.67$149.67
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,088.76$1,894.53$2,144.76
Cash to close$149,865$29,000$29,000