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$120,144$120,144$175,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$55,356$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.392%7.560%
1st payment$558.46$558.46$1,205.56
2nd payment$0.00$415.17$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$150.00$150.00$150.00
MI / mo$95.28$95.28$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$966.25$1,381.42$1,553.16
Cash to close$74,856$19,500$19,500