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$78,475$78,475$117,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$38,525$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.465%7.560%
1st payment$375.03$375.03$803.71
2nd payment$0.00$288.94$0.00
Taxes / mo$122.50$122.50$122.50
Insurance / mo$150.00$150.00$150.00
MI / mo$63.99$63.99$23.40
HOA / mo$0.00$0.00$0.00
Total monthly$711.51$1,000.45$1,099.61
Cash to close$51,525$13,000$13,000