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$85,988$85,988$214,875
Remaining term (yrs)19.219.230.0
Secondary amount$0$128,887$0
Funding fee$0$0$0
Note rate2.050%2.050%7.400%
Blended rate2.900%5.959%7.640%
1st payment$449.24$449.24$1,487.75
2nd payment$0.00$859.25$0.00
Taxes / mo$511.33$511.33$511.33
Insurance / mo$150.00$150.00$150.00
MI / mo$85.51$85.51$42.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,196.08$2,055.33$2,192.06
Cash to close$152,762$23,875$23,875