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$90,805$90,805$207,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$116,195$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%6.092%7.560%
1st payment$472.88$472.88$1,421.95
2nd payment$0.00$774.64$0.00
Taxes / mo$144.75$144.75$144.75
Insurance / mo$150.00$150.00$150.00
MI / mo$76.09$76.09$41.40
HOA / mo$187.42$187.42$187.42
Total monthly$1,031.14$1,805.78$1,945.52
Cash to close$139,195$23,000$23,000