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$106,514$106,514$155,250
Remaining term (yrs)24.224.230.0
Secondary amount$0$48,736$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.275%7.640%
1st payment$499.11$499.11$1,074.92
2nd payment$0.00$365.52$0.00
Taxes / mo$91.42$91.42$91.42
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$31.05
HOA / mo$0.00$0.00$0.00
Total monthly$827.46$1,192.98$1,347.39
Cash to close$65,986$17,250$17,250