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$81,744$81,744$130,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$48,756$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.643%7.560%
1st payment$384.12$384.12$896.44
2nd payment$0.00$365.67$0.00
Taxes / mo$92.33$92.33$92.33
Insurance / mo$150.00$150.00$150.00
MI / mo$66.30$66.30$26.10
HOA / mo$66.67$66.67$66.67
Total monthly$759.43$1,125.10$1,231.55
Cash to close$63,256$14,500$14,500