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$100,000$100,000$206,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$106,910$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.946%7.640%
1st payment$465.87$465.87$1,432.60
2nd payment$0.00$712.73$0.00
Taxes / mo$48.78$48.78$48.78
Insurance / mo$150.00$150.00$150.00
MI / mo$79.28$79.28$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$743.92$1,456.65$1,672.76
Cash to close$129,900$22,990$22,990