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$121,713$121,713$175,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$53,787$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.359%7.560%
1st payment$572.17$572.17$1,205.56
2nd payment$0.00$403.40$0.00
Taxes / mo$94.33$94.33$94.33
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$35.10
HOA / mo$29.17$29.17$29.17
Total monthly$943.04$1,346.44$1,514.17
Cash to close$73,287$19,500$19,500