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$111,860$111,860$193,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$81,640$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.907%7.640%
1st payment$532.56$532.56$1,339.75
2nd payment$0.00$612.30$0.00
Taxes / mo$235.50$235.50$235.50
Insurance / mo$150.00$150.00$150.00
MI / mo$91.81$91.81$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,009.86$1,622.16$1,763.95
Cash to close$103,140$21,500$21,500