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$96,806$96,806$157,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$60,694$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.693%7.640%
1st payment$456.08$456.08$1,090.50
2nd payment$0.00$455.20$0.00
Taxes / mo$86.00$86.00$86.00
Insurance / mo$150.00$150.00$150.00
MI / mo$78.93$78.93$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$771.01$1,226.22$1,358.00
Cash to close$78,194$17,500$17,500