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$80,695$80,695$139,950
Remaining term (yrs)24.924.930.0
Secondary amount$0$59,255$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.938%7.640%
1st payment$375.12$375.12$968.99
2nd payment$0.00$444.41$0.00
Taxes / mo$119.38$119.38$119.38
Insurance / mo$150.00$150.00$150.00
MI / mo$64.33$64.33$27.99
HOA / mo$0.00$0.00$0.00
Total monthly$708.84$1,153.26$1,266.36
Cash to close$74,805$15,550$15,550