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$89,896$89,896$121,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$31,604$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.049%7.560%
1st payment$422.35$422.35$834.62
2nd payment$0.00$237.03$0.00
Taxes / mo$66.17$66.17$66.17
Insurance / mo$150.00$150.00$150.00
MI / mo$72.71$72.71$24.30
HOA / mo$0.00$0.00$0.00
Total monthly$711.23$948.26$1,075.09
Cash to close$45,104$13,500$13,500