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$109,205$109,205$215,550
Remaining term (yrs)23.923.930.0
Secondary amount$0$106,345$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.862%7.640%
1st payment$527.19$527.19$1,492.42
2nd payment$0.00$708.97$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$150.00$150.00$150.00
MI / mo$89.37$89.37$43.11
HOA / mo$0.00$0.00$0.00
Total monthly$910.72$1,619.69$1,829.70
Cash to close$130,295$23,950$23,950