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$115,142$115,142$169,200
Remaining term (yrs)24.324.330.0
Secondary amount$0$54,058$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%5.257%7.640%
1st payment$534.14$534.14$1,171.51
2nd payment$0.00$405.44$0.00
Taxes / mo$40.17$40.17$40.17
Insurance / mo$150.00$150.00$150.00
MI / mo$93.89$93.89$33.84
HOA / mo$0.00$0.00$0.00
Total monthly$818.20$1,223.64$1,395.51
Cash to close$72,858$18,800$18,800