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$93,939$93,939$215,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$121,971$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%6.068%7.640%
1st payment$438.64$438.64$1,494.92
2nd payment$0.00$813.14$0.00
Taxes / mo$97.08$97.08$97.08
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$762.23$1,575.38$1,785.18
Cash to close$145,961$23,990$23,990