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$72,395$72,395$189,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$116,605$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%6.338%7.640%
1st payment$343.38$343.38$1,308.60
2nd payment$0.00$777.37$0.00
Taxes / mo$96.92$96.92$96.92
Insurance / mo$150.00$150.00$150.00
MI / mo$59.12$59.12$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$649.41$1,426.78$1,593.31
Cash to close$137,605$21,000$21,000