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$74,741$74,741$162,000
Remaining term (yrs)7.47.430.0
Secondary amount$0$87,259$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%6.467%7.640%
1st payment$907.85$907.85$1,121.66
2nd payment$0.00$654.45$0.00
Taxes / mo$92.67$92.67$92.67
Insurance / mo$150.00$150.00$150.00
MI / mo$159.38$159.38$32.40
HOA / mo$835.00$835.00$835.00
Total monthly$2,144.89$2,799.34$2,231.72
Cash to close$105,259$18,000$18,000