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$114,678$114,678$184,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$69,822$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.681%7.640%
1st payment$543.93$543.93$1,277.44
2nd payment$0.00$523.67$0.00
Taxes / mo$98.92$98.92$98.92
Insurance / mo$150.00$150.00$150.00
MI / mo$93.65$93.65$36.90
HOA / mo$60.00$60.00$60.00
Total monthly$946.49$1,470.16$1,623.26
Cash to close$90,322$20,500$20,500