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$86,632$86,632$116,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$29,468$0
Funding fee$0$0$0
Note rate2.460%2.460%7.400%
Blended rate3.310%4.754%7.640%
1st payment$383.22$383.22$803.85
2nd payment$0.00$221.01$0.00
Taxes / mo$19.58$19.58$19.58
Insurance / mo$150.00$150.00$150.00
MI / mo$69.06$69.06$23.22
HOA / mo$0.00$0.00$0.00
Total monthly$621.86$842.87$996.66
Cash to close$42,368$12,900$12,900