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$107,705$107,705$184,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$76,795$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.918%7.640%
1st payment$512.95$512.95$1,277.44
2nd payment$0.00$575.96$0.00
Taxes / mo$95.92$95.92$95.92
Insurance / mo$150.00$150.00$150.00
MI / mo$87.63$87.63$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$846.49$1,422.45$1,560.26
Cash to close$97,295$20,500$20,500