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$60,475$60,475$171,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$110,525$0
Funding fee$0$0$0
Note rate2.990%2.990%7.240%
Blended rate3.840%6.529%7.480%
1st payment$287.11$287.11$1,165.36
2nd payment$0.00$736.84$0.00
Taxes / mo$81.33$81.33$81.33
Insurance / mo$150.00$150.00$150.00
MI / mo$48.30$48.30$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$566.74$1,303.58$1,430.90
Cash to close$129,525$19,000$19,000