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$103,315$103,315$157,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$54,185$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.497%7.560%
1st payment$485.40$485.40$1,081.92
2nd payment$0.00$406.39$0.00
Taxes / mo$109.92$109.92$109.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.57$83.57$31.50
HOA / mo$562.00$562.00$562.00
Total monthly$1,390.88$1,797.27$1,935.33
Cash to close$71,685$17,500$17,500