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$95,560$95,560$166,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$70,850$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%6.037%7.640%
1st payment$450.64$450.64$1,152.19
2nd payment$0.00$531.37$0.00
Taxes / mo$69.42$69.42$69.42
Insurance / mo$150.00$150.00$150.00
MI / mo$75.81$75.81$33.28
HOA / mo$0.00$0.00$0.00
Total monthly$745.87$1,277.24$1,404.89
Cash to close$89,340$18,490$18,490