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$117,194$117,194$189,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$71,806$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.732%7.640%
1st payment$561.40$561.40$1,308.60
2nd payment$0.00$538.54$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$95.78$95.78$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$899.10$1,437.64$1,588.31
Cash to close$92,806$21,000$21,000