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$113,146$113,146$189,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$75,854$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.893%7.560%
1st payment$535.41$535.41$1,298.30
2nd payment$0.00$568.91$0.00
Taxes / mo$112.50$112.50$112.50
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$888.32$1,457.23$1,598.60
Cash to close$96,854$21,000$21,000