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$107,783$107,783$224,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$117,127$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.963%7.640%
1st payment$504.39$504.39$1,557.23
2nd payment$0.00$780.85$0.00
Taxes / mo$65.83$65.83$65.83
Insurance / mo$150.00$150.00$150.00
MI / mo$85.84$85.84$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$806.06$1,586.90$1,818.05
Cash to close$142,117$24,990$24,990