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$100,157$100,157$206,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$106,753$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.986%7.640%
1st payment$471.28$471.28$1,432.60
2nd payment$0.00$711.69$0.00
Taxes / mo$48.75$48.75$48.75
Insurance / mo$150.00$150.00$150.00
MI / mo$79.28$79.28$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$749.31$1,460.99$1,672.74
Cash to close$129,743$22,990$22,990