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$118,175$118,175$202,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$84,325$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.802%7.640%
1st payment$549.41$549.41$1,402.07
2nd payment$0.00$632.44$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$150.00$150.00$150.00
MI / mo$96.32$96.32$40.50
HOA / mo$60.00$60.00$60.00
Total monthly$953.65$1,586.09$1,750.49
Cash to close$106,825$22,500$22,500