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$71,137$71,137$122,400
Remaining term (yrs)24.124.130.0
Secondary amount$0$51,263$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.896%7.640%
1st payment$337.41$337.41$847.47
2nd payment$0.00$384.47$0.00
Taxes / mo$89.17$89.17$89.17
Insurance / mo$150.00$150.00$150.00
MI / mo$58.09$58.09$24.48
HOA / mo$0.00$0.00$0.00
Total monthly$634.67$1,019.14$1,111.12
Cash to close$64,863$13,600$13,600