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$96,029$96,029$171,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$74,971$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%6.029%7.560%
1st payment$522.65$522.65$1,174.65
2nd payment$0.00$562.28$0.00
Taxes / mo$67.92$67.92$67.92
Insurance / mo$150.00$150.00$150.00
MI / mo$79.28$79.28$34.20
HOA / mo$146.00$146.00$146.00
Total monthly$965.84$1,528.13$1,572.77
Cash to close$93,971$19,000$19,000