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$110,251$110,251$155,700
Remaining term (yrs)25.125.130.0
Secondary amount$0$45,449$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.339%7.560%
1st payment$518.20$518.20$1,069.55
2nd payment$0.00$340.87$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$150.00$150.00$150.00
MI / mo$87.29$87.29$31.14
HOA / mo$0.00$0.00$0.00
Total monthly$899.65$1,240.52$1,394.86
Cash to close$62,749$17,300$17,300