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$136,245$136,245$179,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$43,665$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.948%7.640%
1st payment$645.52$645.52$1,245.66
2nd payment$0.00$327.49$0.00
Taxes / mo$201.75$201.75$201.75
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$35.98
HOA / mo$473.00$473.00$473.00
Total monthly$1,581.55$1,909.04$2,106.39
Cash to close$63,655$19,990$19,990