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$112,419$112,419$197,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$84,681$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%6.051%7.560%
1st payment$536.78$536.78$1,353.94
2nd payment$0.00$635.11$0.00
Taxes / mo$416.08$416.08$416.08
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,193.28$1,828.39$1,959.44
Cash to close$106,581$21,900$21,900