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$107,480$107,480$161,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$54,519$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.457%7.640%
1st payment$504.96$504.96$1,121.65
2nd payment$0.00$408.89$0.00
Taxes / mo$125.35$125.35$125.35
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$867.25$1,276.15$1,429.40
Cash to close$72,519$18,000$18,000