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$108,174$108,174$144,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$35,826$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.056%7.560%
1st payment$510.86$510.86$989.18
2nd payment$0.00$268.69$0.00
Taxes / mo$264.00$264.00$264.00
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,011.80$1,280.49$1,431.98
Cash to close$51,826$16,000$16,000