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$114,393$114,393$152,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$38,517$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%4.893%7.640%
1st payment$531.25$531.25$1,058.72
2nd payment$0.00$288.88$0.00
Taxes / mo$193.00$193.00$193.00
Insurance / mo$150.00$150.00$150.00
MI / mo$93.26$93.26$30.58
HOA / mo$0.00$0.00$0.00
Total monthly$967.51$1,256.39$1,432.30
Cash to close$55,507$16,990$16,990