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$58,916$58,916$161,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$102,994$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%6.439%7.560%
1st payment$273.87$273.87$1,112.21
2nd payment$0.00$686.63$0.00
Taxes / mo$237.33$237.33$237.33
Insurance / mo$150.00$150.00$150.00
MI / mo$46.85$46.85$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$708.05$1,394.67$1,531.92
Cash to close$120,984$17,990$17,990