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$110,482$110,482$157,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$47,018$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.338%7.640%
1st payment$533.35$533.35$1,090.50
2nd payment$0.00$352.64$0.00
Taxes / mo$110.83$110.83$110.83
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$884.60$1,237.24$1,382.83
Cash to close$64,518$17,500$17,500