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$98,206$98,206$162,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$63,794$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.866%7.560%
1st payment$464.68$464.68$1,112.83
2nd payment$0.00$478.46$0.00
Taxes / mo$202.33$202.33$202.33
Insurance / mo$150.00$150.00$150.00
MI / mo$78.27$78.27$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$895.29$1,373.74$1,497.56
Cash to close$81,794$18,000$18,000