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$91,172$91,172$166,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$75,328$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%6.087%7.560%
1st payment$433.37$433.37$1,143.74
2nd payment$0.00$564.96$0.00
Taxes / mo$120.00$120.00$120.00
Insurance / mo$150.00$150.00$150.00
MI / mo$74.42$74.42$33.30
HOA / mo$37.33$37.33$37.33
Total monthly$815.12$1,380.08$1,484.37
Cash to close$93,828$18,500$18,500