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$115,428$115,428$188,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$73,482$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.792%7.640%
1st payment$547.64$547.64$1,307.97
2nd payment$0.00$551.12$0.00
Taxes / mo$159.58$159.58$159.58
Insurance / mo$150.00$150.00$150.00
MI / mo$93.20$93.20$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$950.42$1,501.54$1,655.34
Cash to close$94,472$20,990$20,990