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$97,798$97,798$161,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$64,112$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.865%7.640%
1st payment$473.63$473.63$1,121.03
2nd payment$0.00$480.84$0.00
Taxes / mo$149.92$149.92$149.92
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$853.53$1,334.37$1,453.33
Cash to close$82,102$17,990$17,990