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$45,985$45,985$153,900
Remaining term (yrs)24.124.130.0
Secondary amount$0$107,915$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%6.727%7.560%
1st payment$219.99$219.99$1,057.19
2nd payment$0.00$719.44$0.00
Taxes / mo$182.93$182.93$182.93
Insurance / mo$150.00$150.00$150.00
MI / mo$37.49$37.49$30.78
HOA / mo$0.00$0.00$0.00
Total monthly$590.41$1,309.85$1,420.90
Cash to close$125,015$17,100$17,100