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$110,964$110,964$216,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$105,036$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.853%7.640%
1st payment$530.47$530.47$1,495.54
2nd payment$0.00$700.24$0.00
Taxes / mo$175.42$175.42$175.42
Insurance / mo$150.00$150.00$150.00
MI / mo$89.47$89.47$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$945.36$1,645.60$1,864.16
Cash to close$129,036$24,000$24,000